On Air Now

Listen

Listen Live Now » 98.5 FM Battle Creek, Michigan

Weather

Current Conditions(Battle Creek,MI 49017)

More Weather »
47° Feels Like: 47°
Wind: W 3 mph Past 24 hrs - Precip: 0.03”
Current Radar for Zip

Today

AM Fog/PM Sun 65°

Tonight

Clear 42°

Tomorrow

Mostly Sunny 67°

Government divesting General Motors stock

WASHINGTON, DC (WKZO) -- The U.S. Treasury is selling off the final shares of stock in General Motors.  The sale of over 101-million shares began Thursday.

The U.S. government and taxpayers received over 912-million shares of the automaker in exchange for a 49.5-billion dollar bailout in 2008.  The remaining shares of the automaker have an estimated value of 3.7-billion dollars.

The Treasury has picked up the sale of GM stock since the first of the year and currently owns just seven-percent of the company that was dubbed "Government Motors" after the bailout.

Comments