US Treasury exits GM

The US Treasury Department expects to sell all its General Motors shares by the end of the year. The earlier than expected exit will release GM - the owner of Australia's Holden - next year from compensation limits on its top executives. In all, US taxpayers lent more than $US49 billion ($53.3 billion) to GM and so far have recouped $US38 billion.

The US Treasury Department expects to sell all its General Motors shares by the end of the year. The earlier than expected exit will release GM - the owner of Australia's Holden - next year from compensation limits on its top executives. In all, US taxpayers lent more than $US49 billion ($53.3 billion) to GM and so far have recouped $US38 billion.

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