The Treasury Department pushes back against General Motors (GM) over its increasing calls to...

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

The Treasury Department pushes back against General Motors (GM) over its increasing calls to have the government sell its entire stake in the company. The automaker recently proposed repurchasing 200M of its 500M shares from the U.S. with the remaining shares to be sold in a public stock offering, only to see Treasury officials demur as they wait out a higher stock price for GM in order to recoup losses.