General Motors Stock To Be Sold Under Treasury Plan

According to the U.S. Government, General Motors Company (NYSE:GM) stock currently held by the Treasury department will be sold in the next twelve to fifteen months. The department  said, in a statement released today, that the government’s interest in the company would be discarded in a preplanned trading strategy. The firm’s stock has been flying high in recent months as economic data from the auto industry continues to improve. The shares owned by the U.S. government were acquired as part of the bailout deal designed to save the auto industry. The company was provided with close to $50 billion in…