The Treasury Dept. reveals more sales of General Motors stock

|About: General Motors Company (GM)|By:, SA News Editor

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.