The U.S. Treasury Department said in a monthly report to Congress that it has sold about $570 million more shares of General Motors in September, reports Detroit Free Press.
The Treasury said it has recovered about $36 billion of the $51 billion invested to bail out GM in 2008 and 2009.
The report did not disclose how many shares the government sold in September. On Sept. 17, the government said it owned a 7.3% stake in GM, down from 13.8% as of June 12.
The department plans to sell its last GM shares by April 2014.
Source: Detroit Free Press
