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Stories about: GM bailout

GM Won’t Pay Back $10 Billion Bailout Loss, Says Akerson
GM Won’t Pay Back $10 Billion Bailout Loss, Says Akerson

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...

 
US Government Sells Final GM Stock, Loses $10 Billion
US Government Sells Final GM Stock, Loses $10 Billion

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...

 
GM Stock Hits All-Time High at $40.17
GM Stock Hits All-Time High at $40.17

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...

 
US Government to Sell Remaining GM Stock by End of 2013
US Government to Sell Remaining GM Stock by End of 2013

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...

 
GM Stock Worth $1.2 Billion Sold by US Government in October
GM Stock Worth $1.2 Billion Sold by US Government in October

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...

 
Who Killed Pontiac? Bob Lutz Says the Government Did!
Who Killed Pontiac? Bob Lutz Says the Government Did!

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 ...

 
US Treasury Sells More GM Stock, Cuts Stake to 7.3%
US Treasury Sells More GM Stock, Cuts Stake to 7.3%

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...

 
GM Stock Worth $877 Million Sold by US Treasury
GM Stock Worth $877 Million Sold by US Treasury

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 ...

 
Canadian Government Looking to Get Rid of GM Stake
Canadian Government Looking to Get Rid of GM Stake

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 ...

 
GM Stock Worth $621 Million Sold by US Treasury
GM Stock Worth $621 Million Sold by US Treasury

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...

 
US Treasury Sold $489.9 Million of GM Stock
US Treasury Sold $489.9 Million of GM Stock

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...