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Government, union sell more General Motors shares

WASHINGTON (WKZO) -- The federal government has unloaded more shares of General Motors stock.

A filing released by the automaker showsd the government sold 22-million shares and plans to sell another 30 million shares.  The United Auto Workers health care trust fund is also selling some of their GM stock reducing their ownership to 13.1-percent of the company.

The federal government's stake will stand at 13.8-percent once all sales are completed.