General Motors unveils plans for a massive share sale
General Motors has paved the way for an initial public offering (IPO), expected to be the second largest share sale in US history.
GM, 61%-owned by the US government, has officially filed its proposals with the Securities and Exchange Commission.
The move begins the timetable for the IPO, which analysts believe will raise between $12bn and $16bn (£7.7-10.2bn).
The idea is to pay back some of the $50 billion the US taxpayer spent in bailing it out.
Michelle Fleury reports from New York