President Obama will visit a Chrysler plant in Ohio today, a day after the U.S. Treasury reached a deal to sell its remaining 6.6% stake in Chrysler to Fiat.
Meanwhile, the Treasury still owns 26% of General Motors. But GM North American President Mark Reuss says it’s up to the U.S. Treasury to decide when to get out of the car business completely.
Reuss says the government’s part-ownership of GM matters to American taxpayers and customers. It also matters to GM executives and workers.
But it's not up to GM when the Treasury sells its stock.