GM’s new CEO meets with U.S. Treasury

Dan Akerson - General Motors CEO

General Motors CEO Dan Akerson today had an introductory private meeting with U.S. Treasury Secretary Timothy Geithner. A spokesman for GM and the Treasury said that today’s meeting in New York City was just a “meet and greet.”

“This is the first time their schedules matched,” GM spokesman Greg Martin said. A Treasury spokesman said the meeting “will be a general discussion on the state of the industry and the business.”

We’re pretty sure there were some talks on the IPO GM plans to offer as early as next month. The U.S. Treasury owns about 61 percent of the automaker after spending around $50 billion to keep it around.

– By: Omar Rana

Source: Automotive News (Subscription Required)