/

Browse us Treasury articles

US government confirms plans to exit GM by year’s end


The U.S. government said yesterday it expected to sell its remaining shares of General Motors Co by the end of the year, a plan that may leave taxpayers with a loss of about $10 billion on the automaker's 2009 bailout. The Treasury Department's intention to sell the last remnant of its GM stake highlights a remarkable recovery staged by the U.S. ...
Read more

related more
spacer
spacer

More us Treasury articles

US Treasury Continues to Sell GM Shares, Exit Draws Closer
The US Treasury announced that it will continue selling GM's shares implementing a third pre-defined written trading plan. The US Treasury had 101.3 million GM shares at the end of the ...
US Treasury Close to Put an End to GM Ownership
The US Treasury is months away from selling the rest of 7.3% stake in GM and ending the ownership of the automaker. The government revealed in a report published this week ...
US Treasury Has to Sell GM Stake at $95.51 Per Share to Break Even on the Bailout
The US Treasury said that it will have to sell the rest of GM shares for $95.51 per share to break even on the automaker’s bailout. This would bring the price ...
US Treasury Sells $2 Billion GM Stock in June
US Treasury announced it had sold in June almost $2 billion GM stock, as it has reduced the forecast of losses on the $85 billion bailout to around $17.9 billion. As ...
US Treasury Recovered $3.2B From GM Stock Sale
So far this year the US Treasury has managed to sell GM shares worth $3.2 billion. The US Treasury reported that in May is has sold $611.4 million worth of GM ...
GM Might Buy Back More Shares From the US Treasury
GM said it might buy back more shares from the US Treasury or offer a dividend to increase its shareholder value. The US automaker continues to focus on upgrading its investment-grade ...
Treasury and VEBA Close to Selling 50 Million GM Shares
The US Treasury announced it plans to sell 30-million GM shares in a new IPO in conjunction with the company’s return to the S&P 500 index. The UAW Retiree Medical Benefits ...
GM Stock Surpasses 2010 IPO Price
Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will be able to pare its losses. Today GM’s shares rose to ...
Ally and ResCap Reach Deal to Complete Restructuring
Ally Financial reached a deal with Residential Capital’s major creditors which would allow the company to complete its bankruptcy restructuring. This move is expected to allow the US Treasury, which still ...

latest automotive news
Sutil says feet planted despite rumours
Jul.24 (GMM/Inautonews.com) Adrian Sutil on Thursday insisted he has no intention of losing his place in formula one. The rumour ...
Mercedes-Benz AMG GT to be unveiled on September 9
The newest sports car produced by Mercedes-Benz will be officially unveiled on the 9th of September. Following several spy photos and ...
[VIDEO] Mercedes-Benz S500 Plug-in Hybrid gets new promo
Mercedes-Benz has released a new promotional video with the newly unveiled S500 Plug-in Hybrid. The German based automaker Mercedes-Benz is placing ...
2017 Seat Ibiza teased
The Spanish based automaker Seat has released the first sketch with the new generation of the Ibiza which is said ...
Volkswagen Golf GTD Variant spied
Volkswagen is currently testing out the wagon version of the Golf GTD as the model in question has been caught ...
[Video] Mercedes simulator trains you to become the better driver
While life-sized simulators are generally associated with the training of plane pilots, the machines have been successfully ported to the ...
2015 COTY candidates announced
The first candidates of the 2015 Car of the Year award have been recently announced but the winner will be ...
Honda’s Mobilio jumps from Indonesia to India
The Japanese automaker aims to improve its market share in the huge India by porting a model that has become ...
New British sports car teased – Ant-Kahn Evanta Barchetta
A brand new British sports car is about to hit the market with its appealing looks under the Ant-Kahn Evanta ...
General Motors – 6 new recalls announced
General Motors is continuing to announce new recalls with six separate campaigns which are covering nearly three quarters of a ...
Chevrolet debuts its Manchester United sponsorship in the US
General Motors decided that a shirt sponsorship deal for the next seven years with England’s Manchester United is well worth ...
2014 Renault Megane introduced in Australia
Renault has recently announced the launch of the updated Megane across the Australian continent, where the cheapest version is now ...
Recall roundup: Mercedes-Benz SLK and SL for Takata airbags
The German based automaker Mercedes-Benz has recently issued a recall for the SLK and for the SL roadsters because of ...
Mercedes-Benz to further cut costs, even as profit beats estimates
Daimler AG announced a second-quarter profit that positively outpaced analyst forecasts, thanks to increased deliveries from the higher-margin Mercedes C, ...
[VIDEO] Hear the 2015 Ford Mustang EcoBoost
Another video upload with the brand new 2015 Ford Mustang is partially revealing the sound of the EcoBoost four-cylinder version. In ...
[VIDEO] Dodge Challenger SRT Hellcat – POV drive on the track
A new video with the recently unveiled Dodge Challenger SRT Hellcat is showing the impressive muscle car go around on ...
General Motors continues its recall spree
Still grappling with its safety-related crisis, the No. 1 US automaker continues on its long chain of recall actions, the ...
Vorsteiner previewing upgrades for BMW M4 Coupe
Vorsteiner has recently released the first details on an upcoming styling kit aimed towards the BMW M4 Coupe which is ...