/

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
Mercedes-Benz officially unveils the Concept Coupe SUV
Mercedes-Benz has officially taken the wraps off the new Concept Coupe SUV during the 2014 Auto China Beijing motor show ...
BMW unveils Vision Future Luxury concept for Beijing
The German brand has decided to surprise us all and unveil their latest idea about the automotive’s company main segment ...
Team, driver deny Vettel ignored team order
Apr.20 (GMM/Inautonews.com) F1 has its next 'team orders' saga. World champion Sebastian Vettel on Sunday answered "tough luck" when told ...
Lotus bullied over budget cap axe – Lopez
Apr.20 (GMM/Inautonews.com) Lotus team owner Gerard Lopez on Sunday indicated he was unhappy to have joined the opposition against ...
Vettel refuses to obey Red Bull team order
Apr.20 (GMM/Inautonews.com) World champion Sebastian Vettel refused to obey Red Bull's team orders during the Chinese grand prix. As his ...
Father Jan at races distracting – Magnussen
Apr.20 (GMM/Inautonews.com) It seems Jan Magnussen will not be a regular fixture at grands prix this year. The former F1 ...
Whitmarsh set for $10m McLaren payout – report
Apr.20 (GMM/Inautonews.com) Ousted boss Martin Whitmarsh could walk away from McLaren with a $10 million payout. Last month, when Eric ...
Total fuel damaging fuel sensor – FIA’s Lom
Apr.20 (GMM/Inautonews.com) The fuel supplied by French oil giant Total could be causing Red Bull's repeated problems with the ...
Newey with Webber at Silverstone, not in China
Apr.20 (GMM/Inautonews.com) Adrian Newey chose overcast Silverstone over smoggy Shanghai for the weekend of the Chinese grand prix. Speed Week ...
Rivals expect another Mercedes win in China
Apr.20 (GMM/Inautonews.com) Dominant Mercedes' main rivals are not confident the silver-clad team can be beaten in China. Although buoyed by ...
F1 set for cost-cutting summit on 1 May
Apr.20 (GMM/Inautonews.com) F1 will move to put cost-cutting efforts back on the agenda during a May 1 meeting. Earlier, it ...
Dennis hits back at Horner’s stance on Fallows
Apr.20 (GMM/Inautonews.com) Ron Dennis is keeping the pressure on Red Bull, after an employee reneged on a deal to ...
Female lawyer to help Ecclestone run F1
Apr.20 (GMM/Inautonews.com) Bernie Ecclestone will lean heavily on the help of a 44-year-old woman when his corruption trial begins ...
McLaren taking Red Bull dispute to high court – Dennis
Apr.19 (GMM/Inautonews.com) Ron Dennis on Saturday confirmed McLaren will likely take its dispute with world champions Red Bull all ...
Vettel admits ‘struggling’ to beat Ricciardo
Apr.19 (GMM/Inautonews.com) World champion Sebastian Vettel on Saturday admitted he needs to up his game. The German has won the ...
Lauda denies 80hp advantage for Mercedes
Apr.19 (GMM/Inautonews.com) Niki Lauda has rejected suggestions Renault is trailing the pace by a figure of 80 horse power. Red ...
Mercedes wanted three-race ban for Red Bull
Apr.19 (GMM/Inautonews.com) Mercedes wanted reigning world champions Red Bull to serve a three-race ban for appealing against its Melbourne ...
‘Tactical’ rivals playing down chase – Rosberg
Apr.19 (GMM/Inautonews.com) Nico Rosberg is sure Red Bull is playing down its title chances for "tactical" reasons. Although Mercedes' chasers ...