GM is no longer 'Government Motors'

No. 3: General Motors raised $15.8 billion in its IPO in November of 2010.

This final note on the way out, in which we learn the federal government is officially out of the car business.

The Treasury Department sold what was left of its stake in General Motors today. That part of the auto bailout didn't work out so well for taxpayers. We invested $49.5 billion four years ago.

As of today's sale, we've gotten $39 billion out of it. $10.5 billion in red ink all told.

Or, if you want to break it down farther...

We lost about $10 million a day on the thing.

Saved a whole bunch of jobs, though.

About the author

Kai Ryssdal is the host and senior editor of Marketplace, the most widely heard program on business and the economy in the country.


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