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CARMAKERS NEWS * USA
* DC - U.S. Government will add 10K hybrids to fleet
Washington,DC,USA -The Detroit News, by David Shepardson -April 25, 2013: -- The Obama administration will help federal agencies purchase up to 10,000 hybrid automobiles in a bid to reduce fuel use... The General Services Administration says it will expand the number of hybrid vehicles in the federal fleet by up to 10,000 vehicles — a move that will save 1 million gallons of fuel per year for the life of these vehicles... If agencies opt to participate in the program, the GSA will fund the incremental cost to replace eligible vehicles with new hybrid sedans... The GSA leased fleet currently is made up of 5.3 percent hybrids, or 10,672, said GSA spokeswoman, Jackeline Yvette Stewart-Johnson. In the last fiscal year, the GSA purchased 919 hybrid vehicles for its leasing customers... The Interior Department said it will be the first to take part and will replace up to 300 gasoline and alternative-fueled vehicles — nearly a third of its fleet — with hybrids...
* DC - U.S. sells nearly 20 percent of remaining GM shares
Washington,DC,USA -The Detroit News, by David Shepardson -April 25, 2013: -- The U.S. Treasury sold nearly 20 percent of its remaining shares in General Motors Co. in the first three months of the year, the Detroit automaker disclosed Thursday... The Treasury, which initially held 60.8 percent of GM as part of the U.S. $49.5 billion bailout, now owns just 16.4 percent, or 241.7 million shares. In December, the Treasury sold GM 200 million shares of its stake for $5.5 billion to reduce its stake to 300 million shares... In total, Treasury has recouped $30.4 billion. At current trading prices, Treasury would lose about $11.5 billion on its GM bailout... GM disclosed that its second biggest holder is Brock Fiduciary Services LLC, with a 14 percent stake, followed by the Canadian and Ontario governments, which hold a 9.5 percent stake as part of the Canadian government's $10 billion GM bailout...
Labels: carmakers news USA and Canada
posted by Unknown @ 12:05 PM
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