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Unless GM Share Prices Triple, Taxpayers Wont Break Even

2013-07-25 18:32:53| AutomotiveDigest.com - Automotive Industry News

GM shares have been rising, and have gained over 25% so far in 2013. All good news, but not good enough for the U.S. taxpayers who got 61% equity in GM in exchange for a $50 billion bailout due to the company's 2009 bankruptcy. "Theres no question that Treasury, the taxpayers, are going to lose money on the GM investment," Special Inspector General Christy Romero told the Associated Press. Read MoreThe Article Unless GM Share Prices Triple, Taxpayers Wont Break Even appeared first on Automotive Digest.

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