GM Stock Sale Raises $570.1 Million for U.S. Treasury

Newswire

DETROIT, Oct 11 (Reuters) - The U.S. Treasury said it sold another $570.1 million worth of General Motors Co common stock last month as it moved toward exiting its holdings in the automaker by the end of March 2014. Treasury said in documents filed online on Thursday that as of the end of September it had recovered about $36 billion from its $49.5 billion bailout, which helped the No. 1 U.S. automaker get out of bankruptcy in 2009. On Sept. 26, Treasury launched the third phase of a ...

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