I'm sure some time in the first quarter.
Uncle Sam sells about a third of GM stake in October • 9:45 AM
The Treasury Department says it sold $1.2B worth of stock in General Motors (GM +1.3%) during October.
The dollar amount represents roughly a third of what the government showed it owned in GM as of September 26.
The pace of the systematic withdrawal is being watched closely with some analysts thinking a GM dividend could follow the final sale by the government.
"Great idea. Why bother with funding those pesky pension liabilities?! They're boring. Give away your cash, instead."
Those pension liabilities are VERY manageable for GM now and frankly, as you know, they can spread out this funding over many, many years. If the market were so concerned, then why is it up almost 5% today? You HAVE to maintain a good relationship with your INVESTORS/OWNERS of the company. They should be rewarded for a stellar performance since GM emerged from BK.