"Shares in General Motors (GM) have risen 7% on the first day of trading following the carmaker's record public share offering.
Shares rose as high as $35.99 in early trade in New York, having been priced at $33 by the company.
GM raised $20.1bn (£12.6bn) through its offering, making it the largest share sale in the US to date.
President Obama called the sale a "major milestone" for both the company and the US car industry.
The amount raised could rise to a world record $23.1bn if underwriters exercise an option to sell more shares."
It looks like we will get our taxpayer's money's worth from bailing GM out.
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