GM Share Sale Nets $1.2 Billion for U.S. Treasury

Newswire

DETROIT, Nov 13 (Reuters) - The U.S. Treasury said it raised another $1.2 billion in proceeds in October from the sale of its shares in General Motors Co as it continues to reduce its stake in the No. 1 U.S. automaker. Treasury disclosed in its monthly report to Congress on Tuesday that it had recovered about $37.2 billion of its investment in GM through repayments, stock sales, dividends, interest and other income. In 2009, the U.S. government extended $49.5 billion in loans to GM in ...

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