GM's (GM) poor stock performance is delaying the sale of the government's 27% stake. The shares...

|By:, SA News Editor

GM's (GM) poor stock performance is delaying the sale of the government's 27% stake. The shares have fallen from GM's IPO price of $33 to $29.97 yesterday. By selling at $30, the taxpayer would lose $12B on GM's rescue, while at $40, the loss would be $7B.