The U.S. Treasury will begin another round of sales for General Motor stock acquired during
the government's bailout of the auto sector, the department said on Monday.
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"We are pleased with the progress to date and will continue exiting this investment in accordance with our previously announced plan and timetable, and in a manner that maximizes returns for taxpayers,'' said Tim Massad, Treasury assistant secretary for financial stability, in a statement.
In December, the Treasury said it would fully exit its GM investments within the following 12 to 15 months, ``subject to market conditions.''
It gave no specific dates for the resumption of share offerings.