Friday, Jul 01, 2016
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Automotive

Treasury speeds up sell-down of GM

WASHINGTON — The U.S. Treasury, which is exiting its ownership stake in General Motors Co., accelerated its sell-down of the automaker in February, saying it received $489.9 million in proceeds from the sale of common shares.

The government disclosed the results Monday in its monthly report to Congress on the status of the Troubled Asset Relief Program. A similar report last month said the Treasury received $156.4 million from selling GM shares in January.

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