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US Government Sells Remaining Shares in GM
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The United States government has sold off its remaining stock in General Motors, revealing that the bailout of GM cost roughly $10 billion.
US to Sell All GM Shares by End of 2013
The U.S. Treasury Department plans on selling its remaining shares of General Motors by the the end of the year.
US Government Sells Off 58.4-Million GM Shares This Year
As the U.S. Treasury Department looks to sell off its remaining shares of General Motors stock, its April report to Congress stated that it has sold 58.4-million shares so far this year, earning net proceeds of $1.6 billion.
US Treasury to Sell Remaining Stakes in General Motors
Last December, the U.S. Department of Treasury announced that it would sell of its remaining shares of General Motors within the next 12 to 15 months.
GM Headed for Bankruptcy Again: Forbes Op-Ed
Recently we reported that the auto bailout cost had increased to $25 billion, mostly due to General Motors‘ plummeting stock price. Things could, however, get worse for GM before they get any better – if they get any better.
Auto Bailout Cost Increased to $25 Billion
The auto bailout has been debated time and time again, on whether it was worth American taxpayers’ money, despite saving a million jobs. A recent poll found that the majority of Americans still opposed the auto bailout, and a recent report that the cost has now been increased to $25 billion doesn’t help its cause.
