10.12.2013 11:53
YEREVAN, December 10. /ARKA/. The US government has sold its remaining shares in General Motors, leaving it with a loss of around $10bn (£6bn) on the bailout of the car maker.
The US Treasury spent $49.5bn bailing out GM in 2008 and 2009, and took a 61% stake in the car maker.
Treasury Secretary Jack Lew said the move prevented the collapse of the US auto industry and saved a million jobs.
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