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Government sells another $811 million in GM stock
Source: Associated Press
Government sells another $811 million in GM stock
AP foreign, Wednesday September 11 2013
DETROIT (AP) - The government is getting closer to selling all of its General Motors Co. stock.
The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month.
The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still $14.1 billion in the hole.
The Treasury says the price per share of stock sold in July and August will be revealed at a later date.
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AP foreign, Wednesday September 11 2013
DETROIT (AP) - The government is getting closer to selling all of its General Motors Co. stock.
The Treasury Department said in its August report to Congress that it sold $811 million worth of GM common stock last month.
The report dated Tuesday says the government has recovered about $35.4 billion of the $49.5 billion bailout it gave the Detroit automaker. That means taxpayers are still $14.1 billion in the hole.
The Treasury says the price per share of stock sold in July and August will be revealed at a later date.
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Read more: http://www.theguardian.com/world/feedarticle/10968981