On Air Now

Listen

Listen Live Now » 92.9 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
56° Feels Like: 56°
Wind: WSW 3 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Clear 46°

Tomorrow

Sunny 74°

Wed Night

Clear 49°

Alerts

Government divesting General Motors stock

WASHINGTON, DC (WKZO) -- The U.S. Treasury is selling off the final shares of stock in General Motors.  The sale of over 101-million shares began Thursday.

The U.S. government and taxpayers received over 912-million shares of the automaker in exchange for a 49.5-billion dollar bailout in 2008.  The remaining shares of the automaker have an estimated value of 3.7-billion dollars.

The Treasury has picked up the sale of GM stock since the first of the year and currently owns just seven-percent of the company that was dubbed "Government Motors" after the bailout.

Comments