General Motors

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.

Car makers are headed for a record year for sales. Never mind a sluggish U.S. economy and a European recession.

According to a piece in this morning's Wall Street Journal, the U.S. Treasury's welcome at General Motors is wearing thin. GM is reportedly pushing for the government to sell most or all of its remaining stake -- currently about a quarter of the company. But the Obama administration seems to be in no hurry to exit.

When the government divests more than 500 million shares of General Motors, stock acquired in the bailout deal could affect the price.

General Motors recently announced it was going to stop advertising on Facebook, and now it's bowing out of doing an expensive ad during the Super Bowl next year.

Just days before Facebook stock trades publicly for the first time, General Motors is giving no official reason for the decision but published reports suggest the ads aren't having the impact GM hoped.

The Chevy Volt, known in Europe as the Ampera, has been named European Car of the Year. But in the United States, sales are sluggish.

Fatter paychecks could boost local economies.