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BAILOUT PAY BACK GM to Buy Back Shares Paul Sancya / AP Photo

GM to Buy Back Shares

General Motors has finally come up with a bailout-payment plan. The auto-industry giant announced Wednesday that it plans to buy back 200 million, or $5.5 billion worth, of its own shares from the U.S. Treasury. Over the next 15 months, the Treasury, for its part, will sell the rest of its GM stake—ending the government’s ownership over the company. The U.S. Treasury invested $50 billion in General Motors as part of its auto-industry bailout.

December 19, 2012 12:04 PM