US Government Sells Off 58.4-Million GM Shares This Year

US Government Sells Off 58.4-Million GM Shares This Year
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As the U.S. Treasury Department looks to sell off its remaining shares of General Motors stock, its April report to Congress stated that it has sold 58.4-million shares so far this year, earning net proceeds of $1.6 billion. Continue Reading...

Fiat Takes Majority Stake In Chrysler

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Fiat Takes Majority Stake In Chrysler
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They made the threat before, but now it’s official: Fiat controls 52% of Chrysler, and just like in 1998 The House That Walter Built resides mostly in Europe. Late Thursday night the US Treasury Department agreed to sell its remaining 6% stake in Chrysler to Fiat, with a price tag of $500 million. And with… Continue Reading...

Fiat Planning To Acquire Last Government Stake In Chrysler

Fiat Planning To Acquire Last Government Stake In Chrysler
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It’s been a dramatic week at Chrysler‘s financial department. Now that Chrysler’s paid off its bailout loan from the government, Fiat is looking to step in and take the government’s remaining share off its hands. Fiat already holds a not-insubstantial 46 percent share in Chrysler. But even though Chrysler and the U.S. and Canadian governments… Continue Reading...