General Motors Co
Detroit-based GM filed for bankruptcy protection in June and emerged on July 10 as a new automobile maker majority-owned by the U.S. Treasury Department.
GM said in a filing with the U.S. Securities and Exchange Commission that it would make reasonable best efforts to sell the shares within a year of its exit from bankruptcy protection, market conditions permitting.
On Wednesday, Ron Bloom of the Obama administration's autos task force and GM Chairman Ed Whitacre said separately said that GM was on track for an IPO as early as 2010.
The U.S. government holds a nearly 61 percent stake in GM. The other stakeholders include the United Auto Workers Retiree Medical Benefits Trust, known as VEBA, and governments of Canada and Ontario.
Today's disclosures are consistent with our commitment to remain transparent and to keep the public informed of our progress, GM CEO Fritz Henderson said in a statement that came out after the filing.
(Reporting by Phil Wahba; Editing Bernard Orr)