GM Statement on U.S. Treasury Full Ownership Exit

The U.S. Treasury on Monday, Dec. 9, 2013, announced it has sold its last shares in General Motors, leaving an ownership that is 83.6 percent owned by individuals and institutions, 9.2 percent by the UAW Retiree Medical Benefits Trust (UAW VEBA), and 7.2 percent by the Canadian national government and the government of the Province of Ontario.


DETROIT – The following statement is attributable to General Motors Chairman and CEO Dan Akerson:

“The U.S. Treasury’s ownership exit closes just one chapter in GM’s ongoing turnaround story.  We will always be grateful for the second chance extended to us and we are doing our best to make the most of it. Today is not dramatically different from the hundreds of preceding days during which we have worked to make GM a company our country can be proud of again.

“Continued investments, innovation, and job creation are just some of the “returns” of a healthy GM and domestic auto industry.  Our work continues uninterrupted, and we will keep our sights squarely on our customers and transforming the way we do business.”

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