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Among the politicized criticism levied against the purveyor of the Chevy Volt was that it was created in the midst of perceptively dark days when taxpayer money was used to bail its parent company out in 2009. The federal government was – and yet is – a still a substantial shareholder, but it’s taking steps
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General Motors will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is expected to close by the end of the year. It is part of the U.S. Treasury’s plan, also announced today, to fully exit its entire
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