DETROIT: The United Auto Workers union said Thursday that General Motors will file a much-rumored IPO in mid-August when it releases its earnings, according to AP, but GM is keeping mum about the issue.

Renee Rashid-Merem, director of financial communications for GM, told PRWeek, "We will do an IPO when the conditions are right and the company is ready," echoing previous statements made to the press. She did confirm GM will release its earnings in mid-August.

United Auto Workers has since ...