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    Official: US government sells off last remaining shares in GM
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    According to a report from CNBC, the US government has sold off the last of its remaining shares in General Motors. Secretary Jack Lew reports that $39 billion of the $49.5 billion investment in GM has been recovered, meaning that the investment, on paper, cost taxpayers a total of $10 ...

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    Report: Treasury sells almost 1/3 of remaining GM stock
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    When we last checked the status of the federal government's stake in General Motors in September, it owned about 7.3 percent - roughly 101-million shares worth about $3.7 billion - of the automaker. In October, the Fed sold almost a third of its remaining stake, or 29- to 30-million shares valued ...

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    Report: GM passes Ford in government sales, first time since bailout
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    Opponents of the US auto bailout – specifically that of "Government Motors" – should have a field day with this information. According to data compiled by Automotive News from the Government Services Administration, General Motors became the largest supplier of new cars to the US ...

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    Report: Romney vows to dump federal stake in GM quickly
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    With a multi-volume list of issues that a presidential hopeful could discuss, we aren't sure why Mitt Romney keeps circling back to the auto industry bailouts, but here we are again. He's lately swinging his stick at the U.S. Treasury Department for not having sold its 26.5-percent stake in ...

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    Report: GM stock price leads to greater estimate of losses on bailouts
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    The "Government Motors" crowd isn't going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock. According to the report, GM's stock crested at ...

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    Far right wing reportedly ready to boycott a newly federalized GM
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    The far right wing of the American political spectrum has begun channeling its displeasure over the federal government's involvement in the restructuring of General Motors into calls for a boycott of the company's products. Reportedly spearheaded by right wing pundits and radio show hosts, the ...

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    Officially, Official: GM files for Chapter 11 bankruptcy
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    The die is cast: General Motors has filed for bankruptcy. As expected, the automotive giant filed for Chapter 11 bankruptcy protection this morning in a New York court, listing $82 billion in assets and $172 billion in debts.As we told you earlier, the century-old company will gain extensive ...

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