Treasury Department Wants to Hold on to General Motors Stake

Rejected a plan from GM to unload its stakes in the auto firm

The Treasury Department isn't buying a plan by General Motors (GM: 23.87, -0.27, -1.12%) for the government to unload its large stake in the auto maker at a hefty loss, according to a published report.

The report highlights the sometimes competing interests between the U.S. and GM, which has tired of government oversight and bailout stigma that has caused some to refer to the auto maker as "Government Motors."