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As the U.S. Treasury continues to remove the “government” from what has been disparagingly called “government motors,” the department’s monthly report to Congress for July reported another $877 million in GM stock sold. This is part of the government’s ongoing plan announced in December to divest itself of GM stock within 12-15 months. The government […]

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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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