DETROIT (AFP) - As General Motors executives await a key court ruling that will determine whether they can establish a new company, the shape of any future enterprise is already being considered. At issue are questions such as when sales of the new company's shares will begin and how much public financial disclosure the new GM will offer. The revamped company will be largely owned by the US government, which will have a 60 percent stake. The Canadian government will control 11 percent, the United Auto Workers (UAW) union's healthcare trust a further 17.5 percent and the remainder will belong to various secured creditors that have agreed to accept equity for debt. If GM receives a favorable ruling this week, chief financial officer Ray Young wants an initial public offering to get underway as soon as practicable. "There is a lot of interest from the future stakeholders of new GM to start the process of selling down the shares," Young said last month. "At the earliest, we would be talking about the first or second quarter of 2010 and after that it could take years to unwind the government and union positions."