U.S. Treasury Is Getting Out Of GM
The days of Government Motors are slowly coming to an end. “The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector,” the Treasury told Reuters.
In December, the Treasury said it would fully exit its GM investments within the following 12 to 15 months, “subject to market conditions.” Executives want the government to be out ASAP. They are already looking at brochures of executives jets and are making plans on how to spend the big bonuses.
Bertel Schmitt comes back to journalism after taking a 35 year break in advertising and marketing. He ran and owned advertising agencies in Duesseldorf, Germany, and New York City. Volkswagen A.G. was Bertel's most important corporate account. Schmitt's advertising and marketing career touched many corners of the industry with a special focus on automotive products and services. Since 2004, he lives in Japan and China with his wife <a href="http://www.tomokoandbertel.com"> Tomoko </a>. Bertel Schmitt is a founding board member of the <a href="http://www.offshoresuperseries.com"> Offshore Super Series </a>, an American offshore powerboat racing organization. He is co-owner of the racing team Typhoon.
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Government Motor won't end with divestiture. until the citizens are made whole for the entire amount of fronted cash, the stigma will remain. ask Madlock.
"The days of Government Motors are slowly coming to an end." If by government you're referring to the *American* government, you're probably right. But I still believe GM will end up being government-owned anyway - by the *Chinese* government...
No flame bait here...move along