General Motors Said to Weigh Buying Shares From Treasury
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General Motors Co. executives have discussed buying shares from the U.S. Treasury Department to reduce the government’s 33 percent stake in the automaker, three people familiar with the matter said.
No decisions have been made on a share purchase, said the people, who didn’t want to be identified revealing internal discussions. Detroit-based GM is weighing uses for its cash, such as shoring up its underfunded pension plans, paying off debt and funding new vehicle programs, the people said.