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.
Video from NASCAR America
- Total CEO dies in Moscow plane crash 0
- Insight: Planning Andretti’s Sports Marketing promotional efforts at Miami and NOLA 0
- Remembering racing legend Raymond Beadle: ‘Once upon a time, I was the best at what I did’ 2
- Weekend wrap: Brad Keselowski rises up to Talladega challenge 0
- The irony of a winless driver winning a title in the new Chase still exists 3
- Roger Penske defends Keselowski, says other drivers “jealous” of his success 4
- What will NASCAR fans do now that their favorite drivers are eliminated from Chase? 9