GM DETROIT General Motors Co <GM.UL>

Nancy Pelosi that an IPO was a real possibility later this year or in 2011

The Treasury Department is interviewing Wall Street bankers to advise the government

on an initial public offering of General Motors Co <GM.UL>, WSJ reported.

Among the firms competing for the advisory role are Greenhill & Co, Lazard Ltd

and Perella Weinberg Partners, the newspaper said, citing people familiar with

the meetings.

GM, the No. 1 U.S. automaker, emerged from a government-sponsored bankruptcy last July. GM received a $50 billion government bailout that gave the U.S. Treasury nearly 61 percent ownership of the company. Canada and the province of Ontario own nearly 12 percent.

Chief Executive Ed Whitacre said last month after meeting with Treasury Secretary Timothy Geithner and House of Representatives Speaker Nancy Pelosi that an IPO was a real possibility later this year or in 2011.

Before the bankruptcy filing, GM shares had traded on the New York Stock Exchange.

source: cnbc.com