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Government, union sell more General Motors shares


The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook
The General Motors world headquarters is seen in downtown Detroit, Michigan in this May 31, 2009 file photo. REUTERS/Rebecca Cook

WASHINGTON (WKZO) -- The federal government has unloaded more shares of General Motors stock.

A filing released by the automaker showsd the government sold 22-million shares and plans to sell another 30 million shares.  The United Auto Workers health care trust fund is also selling some of their GM stock reducing their ownership to 13.1-percent of the company.

The federal government's stake will stand at 13.8-percent once all sales are completed.

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