US to Sell Remaining GM Stocks

The US Treasury Department has announced that it will begin selling off it's remaining General Motors shares.

In 2009, the US government bailed out GM and took over ownership.

Since then, they've sold off most of the company's shares, but are still left with an eighteen percent stake.

With GM, eighteen percent is more than two hundred and forty million shares.

Due to the large amount of shares, the government simply can't offer them up all at once, but they will do so as quickly as is deemed safe.

GM is hopeful that, once the shares are sold, they will be able to get away from the image of being government owned and work back towards having an untarnished image.