- The Treasury Department sold another block of General Motors (GM +0.9%) shares to leave Uncle Sam with a 7.3% stake in the automaker. The pace of sales is slightly higher than anticipated.
- If GM's stock price were to remain level, the government will end up losing close to $10B on its bailout effort.
- What to watch: When the Treasury finally sells off its position, GM could fire up its first dividend since 2008.
The Treasury Dept. reveals more sales of General Motors stock
Sep 18 2013, 10:11 ET