DETROIT (WKZO) -- The U.S. Treasury sold over 17-million shares of stock in General Motors in February.
In a report released this week, the Treasury said it raised roughly 490-million dollars from the sale last month. Since January, the Treasury has sold approximately 22.6-million shares, or seven-percent of the 300-million shares it's selling off.
So far, the department has recouped 29.8-billion of its 49.5 billion-dollar bailout for the automaker. The Treasury has vowed to exit its stake in GM by March 2014.