GM Gets Closer to Paying Back Taxpayers
Jun 12th 2013 7:00PM
Updated Jun 12th 2013 8:00PM
General Motors is a healthy, profitable automaker, thanks to the U.S. government. The feds gave GM a $49.5 billion loan back in 2009, part of the company's high-speed restructuring -- a move that was unpopular in some quarters, but probably saved the U.S. auto industry.
GM has since paid that loan back with a mix of cash and stock. Last week, the Treasury Department sold off a big block of its holdings with GM's help. In this video, Fool.com contributor John Rosevear looks at this latest stock sale -- and at the progress of the government's ongoing effort to recoup its "investment" in GM.
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The article GM Gets Closer to Paying Back Taxpayers originally appeared on Fool.com.Fool contributor John Rosevear owns shares of Ford and General Motors. Follow him on Twitter at @jrosevear. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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