General Motors stake owned by the US treasury will be sold over the coming year, assuring a multibillion-dollar loss for the federal government. General Motors will buy back $5.5 billion in shares, and the Treasury will have to sell the rest of the stock at a high price in order to break even on the $50 billion bailout GM received.
iPhone 4 has created a lot of interest with consumers. Over 1.5 million iPhones have been sold, according to Apple.
The part of the hood of the Hummer H3 could detach while driving, GM admitted. The Hummer H3 recall covers 2006 through 2010 models.