GM Vice Chairman Steven Grisky has pitched the idea of launching an OnStar IPO to the rest of the company's command staff, and he's got the numbers to justify a case.
What does this mean? As far as the U.S. Treasury is concerned, it means there's as much as $15 billion to be lost if it were to cash out now with current trading prices, but there doesn't seem to be any indication of that happening soon.
If Uncle Sam was to sell tomorrow, he would lose roughly $16.5 billion of the $49.5 billion investment that was put into the company, which is obviously less than ideal.
General Motors is in the best fighting shape in 50 years, says GM CEO Dan Akerson. But we wonder about the less tangible societal debt, if there ever was such a thing.