Key events in the fall and rise of General Motors

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Jan. 28 _ Ford reports a $2.7 billion profit for 2009, its first annual profit in four years. Ford didn’t take government bailout money but funded restructuring with a $26 billion loan.

April 21 _ GM repays $8.1 billion of loans to U.S. and Canadian governments.

May 17 _ GM reports first-quarter earnings of $865 million, its first quarterly profit since 2007.

Aug. 12 _ Whitacre steps down. Board member Daniel Akerson becomes CEO.

Aug. 18 _ GM files initial paperwork to sell its stock to the public, its first step toward ending government ownership.

Nov. 10 _ Reports a third-quarter profit of $2 billion.

Nov. 18 _ GM sells shares for $33 in an initial public offering. The government recoups $13.5 billion of its $50 billion in loans but retains a 26.5 percent stake in the company.

Dec. 15 _ GM buys $2.1 billion of its preferred stock from the government.

Dec. 31 _ U.S. annual auto sales rise 11 percent to 11.6 million.

2011

Feb. 24 _ GM reports earnings of $4.7 billion for 2010, its first annual profit in six years.

May 2 _ Chrysler earns $116 million in the first quarter, its first profitable quarter in five years.

Aug. 1 _ Orion Assembly begins building the Chevrolet Sonic.

Oct. 14 _ President Obama tours Orion Assembly with South Korean President Lee Myung-bak.

Dec. 1 _ Chevrolet Sonic overtakes the Hyundai Accent and Honda Fit as the best-selling subcompact in the U.S.

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