Sunday, May 27, 2018
One of America's Great Newspapers ~ Toledo, Ohio


GM buys back stock U.S. bought for $2.1B

General Motors Co. has bought back the government's holdings of GM preferred stock issued in the automaker's bailout for $2.1 billion, the U.S. Treasury Department said Wednesday.

Completion of the repurchase brings GM's total repayments to U.S. taxpayers to $23.1 billion, including $13.5 billion received from the automaker's initial public offering last month, the Treasury said. It also counts $6.7 billion in GM debt repayments and $800 million from interest and dividends.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…