/

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
Van der Garde hints at 2015 race seat
Oct.20 (GMM/Inautonews.com) Just as news about Nico Hulkenberg emerged on Monday, Giedo van der Garde dropped a big hint ...
Ferrari could be nothing without Formula 1 success
This is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing ...
Cherokee sales show Jeep was spot on
The oddly designed fifth-generation of the model was universally panned by Jeep enthusiasts because of the total departure from the ...
VW aims for long-term profits
The German automaker has managed to overcome General Motors last year to snatch the second place among global automakers. But ...
2016 Audi A4 rendered
The next generation of the Audi A4 should theoretically be just around the corner and the first rendering with the ...
BMW 1-Series DTM Sport Edition goes official
After officially pulling the wraps off a similar version of the M4 Coupe, BMW has just unveiled the so-called 1-Series ...
Russia: Lada’s foreign boss wants a sportier image
Bo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the ...
Bugatti Veyron Super Sport for sale
An impressive unit of the very rare Bugatti Veyron Super Sport is currently being offered for sale. We all remember the ...
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itself
Audi has made the impossible possible with the RS7 Piloted Driving Concept which managed to lap the Hockenheim on itself. The ...
GM sees China as critical market for intelligent autos
The US automaker counts the Asian country as its largest single auto market, so there’s no surprise the company plans ...
Europe: September car deliveries rise 6.1%
The battered European region is continuing its recent recovery, with car sales edging up 6.1% last month on the continent ...
[VIDEO] Ferrari LaFerrari drifting at Monza
The newest video starring a Ferrari LaFerrari is showing the impressive hybrid supercar drifting at the famous Monza racetrack. The Ferrari ...
Manny Khoshbin buys Porsche 918 Spyder
Manny Khoshbin has recently placed an order for a Porsche 918 Spyder after being impressed in the hybrid supercar during ...
Tesla’s investors ready to rethink strategy
The California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been passionate about ...
Recall roundup: 1.1m Volkswagen vehicles for rear suspension problems
Volkswagen has just issued a new recall for 1.1 million vehicles in North America and in China because of some ...
[VIDEO] Ferrari LaFerrari being driven in full electric mode
A Ferrari LaFerrari hybrid supercar has been recently spotted out while being driven in a full electric mode. The Ferrari LaFerrari ...
BMW finance executive expects positive results in 2015
The German automaker, the world’s largest premium carmaker, has been ruling over the segment for several years, but every month ...
Meet Canada’s most affordable race car – Nissan Micra Cup
The Japanese based automaker Nissan has officially introduced the Micra Cup, in Canada, which has become the most affordable race ...