On cusp of GM IPO, senator seeks more for retirees

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On cusp of GM IPO, senator seeks more for retirees

Reuters – (Reuters) – Senator Sherrod Brown of Ohio, a Democrat who supported the General Motors bailout, said on Tuesday he will meet with the automaker's incoming chief executive to renew a push for better pensions for retirees from the company's former parts unit, Delphi.

General Motors Co is readying the filing of an IPO, but Brown and other lawmakers say it is not too late to reverse a decision made last summer as GM restructured with the help of a government-sponsored bankruptcy. The U.S. Treasury owns 61 percent of GM.

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