General Motors

Treasury Plans to Sell Remaining GM Stake Within 15 Months

Government still holds 200 million shares

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The Treasury Department said on Wednesday that it planned to sell off its entire stake in General Motorswithin 15 months, eliminating another reminder of the bailouts precipitated by the financial crash of 2008.

The news comes a week after the Obama administration completely sold off its entire stake in theAmerican International Group, one of the most controversial rescues of the market crisis.