DETROIT (WKZO) -- The re-election of President Obama is good news for General Motors. It creates a clearer path for the government to begin selling some of its 32-percent stake in the automaker.
According to "Morningstar" analyst David Whiston, the Obama administration could unload the stake quickly and not have too much fallout. On Monday, GM secured a new 11-billion dollar credit facility, adding to speculation that some of that money will be used to buy back some government shares.


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