U.S. Exits GM Stake, Taxpayers Lose About $10 Billion

Newswire

WASHINGTON, Dec 9 (Reuters) - The U.S. government sold its last shares in General Motors Co on Monday, leaving taxpayers saddled with a total shortfall of about $10 billion on the automaker's 2009 bailout. "With the final sale of GM stock, this important chapter in our nation's history is now closed," Treasury Secretary Jack Lew said.

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×