/

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
SCG 003 teased in two new images
The upcoming SCG 003 has been teased in two more images ahead of its public debut which will be taking ...
US: Uber driver charged for raping passenger in Boston
An Uber Technologies Inc. driver from Boston has been charged because he took a woman that called for a ride ...
[VIDEO] Audi RS7 Piloted Driving Concept takes Auto Express for a ride
The guys from Auto Express have recently had the chance to check out the new Audi RS7 Piloted Driving Concept ...
Recall roundup: Nissan in Mexico for Takata airbag issue
The second-largest Japanese automaker, Nissan, has announced it was recalling at least 80,000 vehicles delivered to Mexican customers to initiate ...
[VIDEO] Infiniti Concept Vision Gran Turismo officially revealed
The newest addition to Infiniti’s lineup is actually a virtual vehicle which has been called the Concept Vision Gran Turismo ...
Report – Alfa Romeo to introduce flagship performance engines
The Italian premium brand, which has fallen under the shadow in recent years, now plans to reconnect to its sporty ...
Production 2016 Acura / Honda NSX officially teased, going to Detroit
The long awaited production version of the new Honda / Acura NSX has been teased and officially announced for the ...
Hankook and investment partner Hahn & Co to acquire majority stake in Halla Visteon Climate Control Corp.
South Korea’s largest tiremaker, Hankook Tire Co. and its investment partner Hahn & Co agreed to pay around $3.6 billion ...
UK: car production to remain level with last year’s figures due to lower exports
According to the latest forecast coming from an industry association, British automotive production is expected to essentially flatten in 2014 ...
Report – In drive to lower costs, PSA could give up prestigious headquarters location
PSA Peugeot Citroen, the second-largest European carmaker, has been deeply affected by the region’s six-year slump in demand that led ...
Japan: Takata crisis could affect vehicle maintenance procedures
The auto safety parts maker Takata Corp. has been involved in a mounting global safety crisis that has affected millions ...
Report – Takata can financially deal with mounting airbag recalls
According to a company executive, who talked to the Nikkei newspaper, Japanese auto safety parts supplier Takata Corp has the ...
After Chrysler turns into FCA US, Fiat SpA becomes FCA Italy SpA
Fiat Chrysler Automobiles NV, the seventh largest automaker in the world, is making history this December following the recent merger ...
US: Uber decides to assess its safety program amid increased scrutiny
Uber Technologies Inc., the well-known San Francisco-based company that provides car-sharing services around the world, has announced it started a ...
Russia: Asian carmakers business threatened by falling currency
The country’s auto market was just two years ago poised to overtake Germany in size for the top position in ...
Lotus ‘opened the door’ to Alonso – Lopez
Dec.18 (GMM/Inautonews.com) Lotus really was one of Fernando Alonso's options for the 2015 season, team owner Gerard Lopez has ...
Ilmor working with Renault ‘is great’ – Horner
Dec.18 (GMM/Inautonews.com) Christian Horner has confirmed that Red Bull's engine supplier Renault is now working with Mario Illien. As the ...
Ferrari ‘revolution’ stays at full throttle
Dec.18 (GMM/Inautonews.com) The sweeping pre-2015 revolution at Ferrari is continuing at full speed. The latest of multiple heads to officially ...