By Soyoung Kim

NEW YORK (Reuters) - General Motors Co has
delayed its IPO filing until early next week as it updates its
prospectus with the recent CEO change and a management risk
factor, a source familiar with the situation said Friday.

The filing with the Securities and Exchange Commission
was originally scheduled for Friday, sources said previously.

GM Chief Executive Ed Whitacre said Thursday that he
would step down and Dan Akerson would take over, effective in
September.

The source who said the filing had been delayed declined to
be named because preparations for the IPO are not public.

GM's several-hundred-page prospectus will not provide the
number of shares to be sold or the pricing range. It will cite
the company's bankruptcy, steps completed in restructuring,
financial projections, details of ownership, and a large set of
risk factors, sources have said.

GM is now adding a new risk factor regarding the departure
of Whitacre and increased uncertainty about the automaker's
long-term leadership, and the change is expected to take more
than a day, the source said.

The top U.S. automaker secured a $5 billion credit facility
this week, two sources briefed on the deal told Reuters on
Wednesday, clearing the last remaining hurdle toward an initial
public offering of stock expected to make the U.S. government a
minority shareholder.

Ten major banks have signed on to the $5 billion credit
facility, committing up to $500 million each, but the
individual commitments would be cut as GM adds more banks in
other countries and emerging markets as part of its efforts to
attract global investors, sources said.

Bank of America Corp , Citigroup Inc, BarClays
Capital, Deutsche Bank Goldman Sachs Group
, JPMorgan Chase and Morgan Stanley,
Credit Suisse are among the banks on the credit
facility, sources said.

JPMorgan and Morgan Stanley are the two lead underwriters
for GM's IPO, but those banks on the credit line will also be
added to the IPO syndicate as joint bookrunners, sources said.
(Reporting by Soyoung Kim; Editing by Lisa Von Ahn and John
Wallace)