Dec 10, 2013, 2:00 PM EDT
We ordinarily don’t touch too much on the automotive sector here on MotorSportsTalk, but two big pieces of news regarding General Motors have just come down in the last 24-plus hours.
Via CNBC, on Monday the U.S. Treasury Department sold its final shares, and announced it had recovered $39 billion of the $49.5 billion it had spent to save the major U.S. automaker. While still a $10.5 billion loss, the alternative was potentially more than 1 million jobs lost and an economy that would have plunged into depression, instead of a recession, U.S. Treasury Secretary Jack Lew told reporters.
Just this morning, GM has announced Mary Barra as its new CEO, replacing Dan Ackerson. Barra, 51, is the auto maker’s first female CEO and has spent 33 years with the organization. She is currently the senior vice president of global product development.
- Flashback to when a 67-second pit stop at the Indy 500 was fast vs. a modern-day F1 stop (video) 0
- VIDEO: Chinese GP Paddock Pass 0
- BREAKING NEWS: Swan Racing’s future in NASCAR in question 2
- Long Beach weekend atmosphere thrills Roger Daltrey, as he promotes Teen Cancer America 0
- Cooler heads prevail as IndyCar drivers test at Texas (VIDEO) 0
More from NASCAR America
- IndyCar: Massive crash triggered after round of pit stops (VIDEO) (17)
- American-based F1 franchise, Haas Formula, officially introduced (9)
- Andretti drivers say GP of Long Beach should stay with IndyCar (7)
- Kurt Busch won’t soon forget Clint Bowyer’s race-ruining shove at Darlington (VIDEO) (6)
- Dale Earnhardt Jr. and Jimmie Johnson do it old school style in a pair of classic pickup trucks (VIDEOS) (5)