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General Motors Co.

’s stock price hit another all-time high as it topped $40 a share Friday for the first time since the Detroit automaker went public in 2010.

The Detroit automaker’s shares rose 2.8 percent to $40.17 in extremely heavy trading Friday — almost twice typical volumes. The run-up in price comes as the Treasury Department is nearing an exit from the company in which it once held a 61 percent stake as part of a $49.5 billion federal bailout.

 


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Federal Exit Boosts GM Stock To Another All Time High

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