On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
64° Feels Like: 64°
Wind: NNW 8 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Cloudy 60°

Tomorrow

Partly Cloudy 70°

Tues Night

Mostly Clear 50°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

U.S. to exit General Motors stake by end of 2013


The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook
The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook

DETROIT (WKZO) -- The federal government is planning to sell its remaining shares of General Motors by the end of this year.  However, the plan may leave taxpayers with a total shortfall of about ten-billion dollars on the automaker's 2009 bailout.

As of Thursday, the government claims to have regained 38.4-billion dollars of the 49.5-billion dollar investment.  At current prices, Treasury would recoup another 1.2-billion dollars from its remaining stake.  That would bring the total recovery to 39.6-billion.

Comments