The Treasury Sells More GM Stock. (We're Still in the Red)

Photograph by Daniel Acker/Bloomberg

The stigma of “Government Motors” continues to wane. The U.S. Treasury said today it will sell an additional 30 million shares of General Motors, which is scheduled to rejoin the S&P 500 index on Thursday. At the same time, the United Auto Workers’ GM medical benefits trust intends to sell 20 million shares.

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