Topic: Peter Nesvold
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.
Ford saw its income jump 200 percent last year with a special tax allowance. Even without that, Ford has notched 10 consecutive quarters of profits.