/

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
Alonso responds to rumours about future
Sep.2 (GMM/Inautonews.com) Fernando Alonso has responded to speculation he could be about to turn his back on Ferrari. The Spaniard's ...
VW sales in India serve as warning for other European carmakers
With sales more than doubling in 2011 for Volkswagen in India, it looked like the automaker’s plan was going in ...
French car sales drop in August
The main automotive industry association in France announced this Monday that the country's car sales slid 3% in August, considered ...
Report – Alfa Romeo gets ready for massive production
Alfa Romeo has begun developing three new models seen as key elements to the auto brand’s turnaround. The triple move ...
Rich tech gurus and their sweet rides
The Silicon Valley force is also showed in the parking lot. Yes, no matter how smart, powerful or wealthy, nothing ...
Privately owned cars could disappear from Helsinki
A number of cities around the world are taking steps to reduce or limit the growth of privately owned vehicles ...
Super material could dramatically increase Tesla cars range
The highly coveted luxury electric sedan from Tesla – the Model S – boasts an impressive range for the segment ...
Tesla’ s 5 states bid high for its new battery factory
Tesla has been long planning the $5 billion plant to make batteries for its new generation of electric cars. The ...
Peugeot to cut jobs at its Sochaux plant
PSA Peugeot Citroen will cut 300 jobs at its Sochaux factory in eastern France because it wants to reduce the ...
Report – Thailand to approve Volkswagen factory
According to a German newspaper's report, Thailand is set to give the green light to the construction of a Volkswagen ...
China will not force foreign car parts makers to form local joint ventures
The European trade body in China said the Beijing government does not plan to force foreign auto parts suppliers to ...
Spanish car sales up 14% in August
Sales of new cars in Spain have gone up 14% in August to 45,355 units. The advance represents the 12th ...
BMW plans six front-wheel drive models by 2017
The new UKL1 MINI platform is also used to underpin new models from the BMW brand. Because of cost cutting, ...
Aston Martin taps Nissan boss Andy Palmer as new CEO
Following a Financial Times report that the Japanese automaker’s executive has moved from Nissan to Britain’s 101-year-old sports carmaker – ...
[Video] Cristiano Ronaldo shoots footballs at Jenson Button’s McLaren 650s
Famous football (soccer if you live in the US) star player Cristiano Ronaldo and equally famous Formula One driver Jenson ...
[Video] BMW Welt gets promoted via marriage proposal
Fore sure you heard about the BMW Welt complex in Munich – after all it’s the No.1 tourist attraction in ...
Maserati Levante mule caught on the streets
The Maserati Levante SUV has been finally caught on the streets – cleverly disguised under the body of the Ghibli ...
McLaren MP4-12C lives on with DMC’s Velocita Wind Edition
The oddly named MP4-12C signaled the fabled return of the British sports producer and Formula 1 expert to road going ...