General Motors’ flotation plans will be heralded as a triumph for Barack Obama if they prove successful General Motors is expected to publish details of its flotation plans this week, shortly after America’s largest carmaker, which was last summer rescued from financial collapse by the Obama administration, revealed that it had returned to profit. In a complex debt restructuring deal the business behind Chevrolet, Buick and Cadillac was bailed out with a $58bn (£37bn) investment made under the US government’s troubled asset relief programme and a further capital injection from Canadian taxpayers