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US to Sell Last of Its Stake in General Motors

The U.S. says it plans to sell the last of its ownership stake in automaker General Motors by the end of the year. The government owned 61 percent of the world's second biggest auto manufacturer five years ago. The U.S. took control of GM after handing it a nearly $50 billion bailout to keep it from collapsing at the height of the steep American economic downturn in 2008. But the government has gradually been selling portions of the 912 million shares it owned, leaving its stake at...

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