In a report published in Automotive News General Motors said it is well on target to reach the financial targets set by the government as terms of the company's bankruptcy, but risks are still inherent as the troubled automotive giant works to bolster sales and gain consumer confidence.

CEO Fritz Henderson said the sale of both Saab and Hummer should be finalized by the end of 2009 and the company continues to prepare for an initial public offering of stock some time in 2010. Divesting itself of excess brands to streamline its product offerings has been a major part of GM's program to restore financial health to the company.

Although talks with Penske Automotive Group for the sale of the Saturn brand fell through during the last week in September, GM expects Hummer to go to Sichuan Tengshong Heavy Industrial Machinery Co. and Saab to be acquired by Koenigsegg Group AB.

For the first half of the year, GM had a market share of 19.5 percent, a drop of 21.4 percent when compared to the same period last year. Hopes for higher sales are being pinned on four 2010 models, the Chevrolet Equinox, Buick LaCrosse, Chevrolet Camaro, and Cadillac SRX.