18 Dec 2013, 12:44 UTC · By: Ciprian Florea / General Motors won’t be covering the $10 billion the US government lost on the Detroit manufacturer’s bailout, chairman and CEO Dan Akerson said earlier this week. GM’s outgoin...
10 Dec 2013, 10:28 UTC · By: Ciprian Florea / The Treasury Department has sold off the last of its remaining shares in General Motors, recovering only $39 billion of the $49.6 billion it spent to save the Detroit manufacturer in 2009, costing t...
9 Dec 2013, 14:50 UTC · By: Ciprian Florea / General Motors stock price hit an all-time high on Friday, topping $40 a share for the first time since the Detroit-based manufacturer went public in 2010. GM shares rose 2.8 percent to $40.17 as...
22 Nov 2013, 09:55 UTC · By: Ciprian Florea / The US Treasury Department plans to sell its remaining shares of General Motors by the end of the year, according to a statement that was released earlier this week. After selling $1.2 billion wo...
13 Nov 2013, 15:17 UTC · By: Ciprian Florea / The US government sold $1.2 billion worth of General Motors stock last month, the Treasury Department said in a report to Congress, adding that it had recovered $37.5 billion of the $51 billion it s...
28 Oct 2013, 17:03 UTC · By: Ciprian Florea / Drop Pontiac or the fat lady gets it, see? Replace fat lady with General Motors and you have the same scenario of what happened in 2009, when GM decided, under the government’s pressure, that ...
19 Sep 2013, 12:19 UTC · By: Ciprian Florea / The US Treasury has reduced its stake in General Motors to only 7.3 percent and has recovered $35.4 billion of $51 billion invested in the company back in 2009, the government said in a report. A...
14 Aug 2013, 13:53 UTC · By: Ciprian Florea / The US government has sold another piece of its stake in General Motors last month as it moves to exit its investment in the company by early 2014. In a report to Congress earlier this week, the ...
6 Aug 2013, 12:24 UTC · By: Ciprian Florea / The Canadian government is planning to sell its stake in General Motors “as quickly as feasible”, a spokeswoman for the country’s Finance Minister revealed last week. According to ...
11 Apr 2013, 15:58 UTC · By: Ciprian Florea / The US government has sold another piece of its stake in General Motors last month, reporting to Congress that it had received about $620.9 million in proceeds. In February, the US Treasury sold $48...
13 Mar 2013, 10:56 UTC · By: Ciprian Florea / The US Treasury has taken another step to rid the Government of General Motors stock by selling at least 17.2 million of Detroit's shares, worth $489.9 million, in February. According to Det...