Dec 10, 2013, 2:00 PM EST
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.
- Manor passes final crash tests ahead of Australian GP 1
- WATCH: Mercedes F1: Road to Repeat at 8 p.m. ET highlights F1 block on NBCSN 0
- Manor Marussia F1 confirms trip to Melbourne 3
- Agag: Formula E off to “incredible start” heading into U.S. swing 2
- Fernando Alonso ruled out of Australian Grand Prix 3
- Mercedes F1: Race to Repeat: Teaser clips and preview (VIDEO) 0
- F1, IndyCar seasons finally premiere in 2015’s version of March madness 1