U.S. Receives $570.1 Million From September GM Share Sale
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The U.S. Treasury Department received $570.1 million last month from the sale of General Motors Co. shares as the government continues winding down its investment in the automaker.
Through the end of September, the U.S. government has recovered $36 billion of the $51 billion it spent to bail out and restructure Detroit-based GM, the Treasury said yesterday in a report to Congress. The report doesn’t say how many shares were sold during the month or at what price.