Description: Dec. 19 (Bloomberg) — Bloomberg’s Dominic Chu reports that General Motors will purchase 200 million shares of its stock from the U.S. Treasury as part of the department’s plan to sell its entire holding of GM stock within 15 months. He speaks on Bloomberg Television’s “In The Loop.”
Source: Bloomberg.com – video report
Date: Dec 19, 2012
Questions for Discussions:
- What is the government’s motivation to reduce the amount of ownership of GM?
- Do you think the transition will be smooth, with respect to the market price of the shares?
- How does government ownership affect the purchase of automobiles and other vehicles?
- Why are GM executives motivated to remove government ownership?