General Motors executives bristled at the nickname Government Motors after the government bailed out the company in 2009 and owned a large chunk of GM stock.
But the company may look back wistfully at the Government Motors era if another powerful institution -- Wall Street -- takes an interest in the automaker's $26.8 billion cash hoard.
In a story last week, Bloomberg suggested GM could be a target for corporate raiders after the U.S. Treasury sells its remaining 31.1 million GM shares by year end. All that cash -- hoarded to stave off another brush with doom -- could make the company a takeover target, they say.
GM may make an announcement early in 2014 about its plans for the cash stockpile, said analyst Scott Schermerhorn of Granite Investment Advisors in New Hampshire. If the company doesn't address it soon enough, an activist investor could step in to rock the boat, he said.
"Now that the government will be out of the way shortly, I think they need to start focusing on how they return money to shareholders," Schermerhorn said. "Based on conversations with them, they understand this."