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Treasury Looking At GM Stock Sales In August

WASHINGTON (AP) – The Treasury Department will hold off on further sales of the stock it owns in General Motors Co. until August at the earliest, according to two people familiar with the GM situation.

These people said Thursday that Treasury will not start selling shares until after the automaker reports its second quarter results which is expected to occur in mid-August. They said the next sale could slip until September.

These people, who had been briefed on the situation, spoke on condition of anonymity to discuss decisions which have not yet been publicly announced by the government.

Copyright 2011 by The Associated Press.  All Rights Reserved.

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