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General Motors revs up

Today was a good day for GM. The company announced the stock price for its initial public offering. It’s the biggest U.S. IPO in history. The shares could raise almost $23 billion for the company.

And in more interesting news, today GM unveiled its 2011 convertible Camaro at the LA Auto show. Click here to see a slideshow from the auto show.

Reed Saxon / AP

The 2011 Chevrolet Camaro convertible, due in dealer showrooms in February, debuts at the Los Angeles Auto Show, Nov. 17, 2010.

Msnbc.com story: It's official: GM sets stock price for massive IPO

 

Taking a huge step on the road to recovery, the new General Motors is poised to become a publicly traded company. CNBC's Phil Lebeau reports.