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Canada has no plans to sell GM stake at the moment

Canada has no plans to sell GM stake at the moment

The Canadian government has no immediate plans to sell the stake it owns in General Motors, Finance Minister Jim Flaherty said on Wednesday. The comments were made following news the U.S. Treasury will sell its entire stake in GM over 15 months. However, the official said the stake will be […]

Warren Buffett buys GM stake, trims Intel

Warren Buffett buys GM stake, trims Intel

Warren Buffett‘s company is apparently bullish on the U.S. auto industry and entertainment. His company, Berkshire Hathaway Inc. (BRK.A) took a new stake of 10 million in shares in General Motors Co. (GM) in the first quarter. The stake in New York- based Viacom was about 1.59 million shares. The […]

Investment group gets 5.8% of General Motors

Investment group gets 5.8% of General Motors

General Motors, the U.S. based automaker said Tuesday that Capital Research Global Investors has acquired more than 5 percent of its shares, Detroit News reports. According to a filing, GM said the Los Angeles-based firm now owns more than 92 million shares or 5.8 percent of the company. General Motors […]

U.S. Plans GM Share Sale In Summer

U.S. Plans GM Share Sale In Summer

The U.S. Treasury Department will wait for General Motors Co. (GM)’s first-quarter earnings before deciding whether to sell more of its investment in the nation’s largest automaker, a person familiar with the matter said. The government will be required to sell its remaining 500 million shares at $53 apiece in […]

US Treasury to sell GM shares

US Treasury to sell GM shares

According to latest reports, Obama Administration is going to quickly sell the government’s remaining stake in GM rather than wait to maximize taxpayers’ investment. The writing is clearly on the wall that the government is getting out of the GM position,” Goolsbee told reporters at a breakfast sponsored by the […]