President Barack Obama's re-election opens a clearer path for the government to begin selling some of its 32% stake in General Motors, but there is no indication of when such a sale will happen.
On Monday, the automaker secured a new $11-billion credit facility, fueling speculation that some of that money could be used to buy back some of the government's shares.
"The Obama administration could just go ahead and unload the stake quickly and probably not have to take too much fallout," Morningstar analyst David Whiston said in an interview. "They would still get some negative publicity, though."Read Article