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>> GENERAL MOTORS Latest News

2 HOURS AGO - Yahoo! News

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Exclusive: GM develops contingency plans in case Takata recalls widen

By Ben Klayman DETROIT (Reuters) - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday. More than 21 million vehicles have been recalled globally by numerous automakers since 2008 because of defective Takata Corp inflators that could ...

Tags: Exclusive: GM develops contingency plans in case Takata recalls widen,  General Motors Latest News

DEC 19, 2014 - Zacks Investment Research

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DEC 19, 2014 - Business Insider

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Washington Closes Out Last Big Position In Wall Street Bailout

WASHINGTON (Reuters) - The United States closed out its last big investment taken on during a 2008 bailout of U.S. banks and automakers, selling its remaining shares in the former financing arm of General Motors, the U.S. Treasury said on Friday.The U.S. Treasury made deals to sell about 55 million shares in Ally Financial for $1.3 billion, which a Treasury ...

Tags: Washington Closes Out Last Big Position In Wall Street Bailout,  General Motors Latest News

DEC 19, 2014 - New York Times

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U.S. Signals an End to Bailouts of Automakers and Wall Street

The government said a sale of stock in the former finance arm of General Motors was the end of a six-year period of rescues tied to the financial crisis.

Tags: U.S. Signals an End to Bailouts of Automakers and Wall Street,  General Motors Latest News

DEC 19, 2014 - MarketWatch

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Treasury selling remaining Ally stake at $23.25 per share

WASHINGTON (MarketWatch) -- The Treasury Department said it's sold the rest of its stake in Ally Financial at $23.25 per share, raising $1.3 billion for taxpayers. Ally, the former General Motors Acceptance Corp., had announced Thursday night that Treasury was selling its stake, but the price wasn't known. Ally was the last major Troubled Asset Relief Program investment. "The Auto ...

Tags: Treasury selling remaining Ally stake at $23.25 per share,  General Motors Latest News