U.S. Treasury kicks off third stage of GM exit

Newswire

DETROIT, Sept 26 (Reuters) - The U.S. Treasury launched on Thursday the third phase of its plan to sell its stake in General Motors Co, the U.S. automaker that took a government bailout in 2009. Treasury officials offered few details of the sale in a statement on Thursday. The U.S. government currently has 101.3 million shares in GM, amounting to a 7.3 percent ownership stake in the No. 1 U.S. automaker. The U.S. government originally took a 60.8 percent stake ...

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