General Motors

David Gura sits down with Felix Salmon, from Reuters, and Catherine Rampell, from The Washington Post, to wrap up the week.

And yes, there's a flap unfolding

GM is now free of the U.S. government holding at stake in it, and has named a new chief executive, its first woman but a GM lifer.

Mary Barra, the current global head of product development at GM, will become chief executive in January.

The federal government is now officially out of the car business.

GM's closure of its auto plant in Bochum, Germany, will be the first major closure of an auto plant there in 60 years.

Ford's latest business results are in and the numbers are good. The company made $1.2 billion in profit from April through June. Robust pick up trucks sales and a strengthening U.S. economy get the credit.

General Motors, Ford and Chrysler all saw significant gains in U.S. sales during 2012.

The government is on track to lose money on the GM bailout. But would doing nothing have cost more?

General Motors has just announced it is going to buy back 200 million of its shares from the Treasury Department, which plans to sell the rest of its GM shares in the next year or so.