U.S. Treasury http://michiganradio.org en GM is 'Government Motors' no more http://michiganradio.org/post/gm-government-motors-no-more <p>Four years after facing the possibility of its own demise, General Motors is free of the controversial government ownership that saved the Detroit automaker in 2009.</p><p>"It was an unambiguous success," says Steven Rattner, who headed the Obama Administration's Auto Task Force.</p><p>The task force shepherded GM through an unprecedented 42-day bankruptcy.</p><p>The U.S. Treasury announced Monday it had sold the last of its stock in GM, at a loss of $10.5 billion.</p> Tue, 10 Dec 2013 01:09:12 +0000 Tracy Samilton 15619 at http://michiganradio.org GM is 'Government Motors' no more