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US Ends Its Ownership Stake in General Motors

The United States has ended its ownership stake in General Motors, five years after bailing out the world's second-biggest automaker to keep it from collapsing. The government sold its last shares in GM Monday, with U.S. taxpayers overall losing $10 billion of the more than $49 billion the government handed the company during the depths of the country's economic downturn in 2008 and 2009. The U.S. bailout of General Motors and automaker Chrysler was controversial at the time,...

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