Huge News for GM in 2010--Profit and Selling Public Shares?

General Motors Co. could be turning over a new leaf in 2010 according to the Chief Financial Officer (CFO).

CFO Chris Liddell, former employee of Microsoft Corp. (NASDAQ: MSFT), said the company could turn a full-year profit in 2010 as auto sales begin to recover since the economic downturn.

Although GM's position is not ideal, the company is definitely making progress with Liddell in the mix. Furthermore, the company may start back selling shares to the public by the end of the year.

Look for GM's first quarter earning at the end of the month as this company makes its way to a new start.