Dec
10th
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General Motors’ independence, its shedding of the “Government Motors” epithet, seemed like a long way off when I was attending the frequent press conferences in Detroit’s Renaissance Center in 2009.
General Motors’ independence, its shedding of the “Government Motors” epithet, seemed like a long way off when I was attending the frequent press conferences in Detroit’s Renaissance Center in 2009. Just shy of mid-decade, the U.S. Treasury has sold off its remaining GM stock, at a loss of more than $10 billion compared with the Troubled Asset Relief Program (TARP) bailout. Altogether, reports the New York Times, the Treasury has recouped $433 billion on its initial TARP “investment” of $422 billion.
Photo Gallery: Barra and Reuss: A New Leadership Team for a New General Motors - Automobile Magazine