Unformatted text preview: state then the overall economy will receive a major surge of capital. The government used to own 61% of GM but they have sold their 400 million shares. Stockholders have already bought $23 billion dollars worth of preferred stock. Obama states that GM’s improvement is “not only in the turnaround of the company, but of the U.S. auto industry as a whole.”...
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- Fall '10
- Microeconomics, U.S. auto industry