GM CEO Says Company Can Make a Profit in 2010

Ed Whitacre, the former telephone executive who is now chairman and interim CEO of GM, said Wednesday that the No. 1 U.S. car company can make a profit sometime this year. Whitacre also said that he expects his firm to repay its $6.7 billion government loan by mid-year. Longer term, he believes GM can have an IPO in 2010 to help repay part of the money that taxpayers spent to buy 60% of the vehicle manufacturer.