GM Might Buy Back More Shares from U.S.

General Motors Co., which purchased 200 million of its shares from the U.S. Dept. of the Treasury for $5.5 billion in December, might propose a second buyback, says CEO Dan Akerson.

The Treasury Dept. sold 30 million GM shares in a public transaction late Thursday for $1 billion, thus reducing its stake to 189.2 million shares, or 13.8% of the company's equity. The government has said it intends to divest all its GM stock by next March.