We have a 60% interest in the new GM based on a $6 Billion loan ( $2Billion just repaid ) and a $46 Billion Cash investment to 'buyout' the new GM ( General Motors Co. ) from the bankruptcy estate. The balance of $4 Billion in loans will be repaid shortly. Then after all the bills are paid for the BK the new General Motors Co. will be spun off in an IPO. The receipts for this spinoff will pay back all or part of the $46 Billion we will still have invested there. In the best scenario we make a small profit, the goal would be to breakeven meaning that the IPO would have to generate buyers willing to pony up about $80 Billion to buy the new General Motors Co.
