Obama’s Bet on GM Hangs on New Pickup Boosting Share Price: Cars
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General Motors Co.’s best bet for 2013 may also provide the Obama administration an exit ramp for its $50 billion investment in the largest U.S. automaker.
With today’s unveiling of its first redesigned Chevrolet Silverado full-sized pickup since 2006, GM aims to take Ford Motor Co. head-on with new trucks that could help boost its share price, encouraging the U.S. government to sell its stake.