Tuesday, June 11, 2013

The U.S. government sold 22 million shares of GM ~ car loan




The U.S. Treasury has sold 22 million shares of GM car manufacturers, this means that the only time of 219.2 million shares compared with 500.1 million shares that they hold in January 12/2012 .

 

With the number of shares offered above, the U.S. Treasury Department only hold 13.8% stake in the U.S. automaker than the 60.8% that they hold as part of the GM bailout government worth 49.5 billion U.S. dollars.

 

In 12/2012 the department announced it would sell its remaining stake in GM during the period from 12 to 15 months.

 

The U.S. government has invested 49.5 billion into GM, which make it become the biggest bailout of the government, making GM critics have called the government's automaker.

 

In total, the federal government spent $ 80 billion to rescue the auto industry, which is more than $ 63 billion for GM and Chrysler.

 

Sales of cars sold in the U.S. market on the way back to the best level since 2007 when GM, Ford and Chrysler are regaining market share in the period from January 1-3/2013. This is the first time all three automakers in the achievement of at least 18 years. /.

No comments:

Post a Comment