The United States government has sold off its remaining stock in General Motors, revealing that the bailout of GM cost roughly $10 billion.
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Last December, the U.S. Department of Treasury announced that it would sell of its remaining shares of General Motors within the next 12 to 15 months.
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Traffic is a waste. It wastes your time, your car’s life, and most importantly it wastes fuel. Thanks to a push from the Obama administration to invest in roads and infrastructure, the U.S. Treasury Department found out that American drivers are wasting about 1.9 billion gallons of fuel annually while idling in traffic jams. These...
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Yesterday, the CEO of General Motors, Dan Akerson purchased $250,500 in shares of the automaker, buying 10,000 shares at $25.05. As of yesterday, Akerson owns 103,600 shares in the company. This last week has seen the worst stock market decline since 2008, with the crash has wiping out more than $6.7 billion from the value of...
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