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U.S. Treasury Sells 110 Million Shares of GM Stock, Reducing Stake to 7.3%

The United States Treasury has reduced its stake in General Motors to 7.3% after selling off  another block of the shares it acquired during the bailout of the giant automaker. According to documents...

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PSA Board Holding To Dongfeng, French Government Stock-Sale Plan

With PSA Peugeot Citroen’s supervisory board’s blessing, CEO Philippe Varin is continuing talks with partner Dongfeng regarding the stock sale to both the Chinese automaker and the French government....

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Ally Leaves Government Ownership, US Treasury Exits Auto Industry

With its GMAC Financial leather jacket burning in the closet while a supermodel lip-syncs in the tub, Ally Financial is at last free from government ownership. The Detroit News reports the U.S....

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