WASHINGTON (AP) — The top executive at General Motors says the company was humbled by its "near-death experience" and hopes to rebound from its bankruptcy two years ago.
GM CEO Dan Akerson says in a speech to the Economic Club of Washington, D.C., that the automaker is making strides after its large initial public offering in November.
He says GM is well-positioned to take advantage of growth markets in China and India and benefit from its new plug-in electric car, the Chevrolet Volt.
The government gave GM $49.5 billion to bail out the automaker in 2008 and 2009. Treasury earned $13.5 billion from GM's IPO.
U.S. taxpayers still own 33 percent of the company.