The U.

S. government may shed all of its ownership of General Motors Co. by the end of the year.

According to a monthly report to Congress this week, the U.S. Treasury sold $1.2 billion in GM stock in October — more than 30 million shares — of its remaining 101 million shares of the Detroit-based automaker.

Sterne Agee analyst Ray Young predicts the U.S. Treasury stake had been reduced to 63 million shares at the end of October and the selling has continued in November, suggesting the current ownership is closer to 50 million shares or about 3 percent of the total shares outstanding.

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Analysts Believe That Treasury Will Dump All GM Shares By Year End

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