BREAKINGVIEWS-GM needs to double earnings to repay taxpayers

Newswire

By Antony Currie NEW YORK, Aug 18 (Reuters Breakingviews) - That's if the carmaker, which filed for its IPO on Wednesday, is valued at the same earnings multiple as Ford. GM has advantages, such as far less debt. But operationally it still lags its rival. Until that changes, GM doesn't merit a valuation that would make Uncle Sam whole. A considered view will be published shortly. CONTEXT NEWS -- General Motors [GM.UL] has filed its S-1 with the Securities and Exchange Commission, ...

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