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TRUCK & AUTOMAKERS NEWS * USA
* USA Treasury: No schedule set to exit GM
Washington,DC,USA -The Detroit News, by David Shepardson -May 11, 2012: -- GM stock has fallen sharply since its $33 IPO in November 2010 - and is currenty trading around $22.54. At current prices, the government would lose more than $15 billion on the $49.5 billion bailout... The Obama administration's nearly three years as part owner of General Motors Co. isn't going to end anytime soon... The official overseeing the government's 26 percent stake in GM says there's no timetable for exiting the Detroit automaker... GM repeatedly has expressed frustration with the government's slow exit...
Labels: truck and automakers news USA
posted by Unknown @ 10:08 AM
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