Thu, Dec 12, 2013 - Page 15 News List

GM to stop Aussie production by 2017

CHANGES:General Motors also announced that 33-year company veteran Mary Barra will be the new CEO, making her the first woman to head a major car firm

AP, CANBERRA and DETROIT, Michigan

The change at the top comes a day after the US government sold the last of its stake in GM. The government got 912 million GM shares in exchange for a US$49.5 billion bailout. The government ended up getting US$39 billion of its money back, leaving taxpayers short by US$10.5 billion.

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