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GM Happy to Shed "Government Motors" Moniker

The federal government is getting closer to exiting its position in General Motors (NYSE: GM  ) and may be out by the spring, according to the Detroit News. The $49.5 billion bailout began in 2008 and earned the company the nickname "Government Motors."

In this segment of Motor Money, analysts Rex Moore and John Rosevear talk about this end of an era, as well as what it means to General Motors and its investors. (You can see the complete Motor Money show here.)

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Read/Post Comments (5) | Recommend This Article (1)

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  • Report this Comment On September 25, 2013, at 1:58 PM, NoWayGM wrote:

    GM will always be "Government Motors". Bondholders were cheated and bankruptcy laws ignored when this all went down. Why is govt. selling when they have lost money? Powers that be just want us to forget what really happened so the re-write of history can proceed more quickly. I'll buy a Ford next time.

  • Report this Comment On September 25, 2013, at 2:45 PM, beastmode12 wrote:

    look people stop with this government motors crap or ill buy a ford really ford took money to just took it from the bank. Plus lets say the government didnt step in let Gm go down with chrysler how many people would have lost there jobs from the employees at Gm to the factories that give gm parts to the dealerships to the service department to MILLIONS of people would be without jobs and we would be in deep hole. Look at the bright side someone you know is employed by Gm and they would have been fired and without HOPE. The bond holders and stock market lost there ass people are worth more then a profit idiot. Gm and CHRYSLER dont forget didnt have anything to do with the real estate market and dirty banks with there credit default swipes look we all lost are ass in this so lets move on. Lets hope this never happens again and be Happy with wear we are at in life not worried about GM.

  • Report this Comment On September 25, 2013, at 2:51 PM, nowoolx21 wrote:

    Sadly, using the old O.J. Simpson defense (here, wording to support headline) -- in which everything ELSE is claimed except how the headline is true -- is no more valid in this article than it was then.

  • Report this Comment On September 25, 2013, at 2:55 PM, beclyph wrote:

    Get over it dude. You act like the already heavily indebted (per Ford's balance sheet$105 billion vs. GM's balance sheet $16 billion debt) Ford Motor Company just didn't barrow $6 billion from Uncle Sam last month for electric vehicles, not counting the other times they took a hand out including the hundreds of millions of dollars that President Bush gave all three auto makers at the end of his presidency. The money supply in this country is all backed by the federal government, so anytime anyone barrows money, its coming from the government. Just read the seals on the front of our paper money. I believe one says the US Treasury Department and the other reads the US Federal Reserve. I do have one question for you, would you rather support an American business that supports American jobs or would you rather send money overseas to pay off countries that hate us so that they'll be nice to us??? Something else people need to remember, the vehicles didn't force GM into bankruptcy, it was the greedy management that put it there. I've always owned GM for the most part and never had a problem with a single one of them. I did own a few Fords and they were nothing but junk and their customer service stunk, especially since these vehicles were still under their factory warranty. One problem after another, they live up to all of their acronyms. You keep buying that Ford junk, just like the other sheep that left GM, they are stuck with broken down crap that Ford doesn't stand behind. We won't miss you and you'll be back when you've realized the propaganda that Ford spews out is nothing but one lie after another. Just remember you'll go further in a Ford, yeah, further to the nearest junkyard.

  • Report this Comment On September 25, 2013, at 3:05 PM, captaintodzilla wrote:
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