December 19, 2012
In this Thursday, Nov. 18, 2010, file photo, General Motors Co. CEO Daniel Akerson sits in the driver's seat of a 2011 Chevrolet Camaro parked in front of the New York Stock Exchange following GM's initial public offering. The U.S. government said Wednesday, Dec. 19, 2012, that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout that saved the iconic American car giant but also set off a heated debate about government intervention in private business that influenced this year’s presidential election.
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The U.S. government's foray into the car business is slowly coming to an end.