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GM, he said, has done a lot right since the IPO. The company has bolstered its balance sheet by generating cash and cutting pension liabilities buying back shares from the government. There's a possibility of resuming a dividend. The company also is replacing its models at a faster rate than in the past, Albertine said. But while the Cadillac brand has seen sales improve, Chevrolet, by far GM's largest brand, lacks hits. "I don't think they have many game-changers," he said. GM hopes it has a hit with the redesigned Silverado and Sierra pick-ups trucks, due to hit showrooms soon. The Silverado is the second-highest selling pickup in the U.S. after Ford's F-series. The company said the new trucks should boost North American profits in the second half of the year. GM wasn't the only stock to hit highs on Friday. Ford Motor Co. shares closed at $15.08, the first close above $15 since May 2011. U.S. shares of Toyota Motor Corp., Honda Motor Co., and Nissan Motor Co. all hit 52-week intraday highs. Despite its growth, GM stock has still lagged the increase in the broader market. The S&P 500 index is up more than 16 percent this year. Still, the share price has grown 78 percent since it bottomed out in July of last year at $18.85 on worries about the European debt crisis. But even with the increase, taxpayers will lose a lot of money on the bailout. The government is still about $18.8 billion in the hole, and would have to sell the remaining 241.7 million shares for about $78 each to break even.
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