The U.S. Treasury on Thursday filed its third pre-defined written trading plan as it moves to sell off its remaining 101.3 million shares of General Motors Co. stock it received as part of its $49.5 billion bailout.“Treasury will continue to wind down the taxpayer’s investment in GM, a critical part of the administration’s response to the financial crisis that prevented the collapse of the American auto industry and saved more than one million American jobs,” said Tim Massad, Treasury Assistant Secretary for Financial Stability. “The third trading plan will allow us to continue exiting the investment in accordance with our previously announced timetable while maximizing the taxpayer’s return.”
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