The government reduced its stake to 26%, or 500 million shares, after the company resumed trading, and has since lowered it to 19% on the way to unraveling its position completely. General has also been able to repay the government for its efforts on restoring at least one of the Big Three. Well, technically speaking. While General did pay back the cash obligations to the Treasury, the rest of the loan is through its stock. The government would need to sell its entire stock position in the low $50 range to break even. Since it has already begun to unravel its position below that mark, the break-even price would be even higher. So while General Motors did fulfill its obligations, the government will still absorb a multibillion dollar loss. How is the company doing now? Since 2010, the automaker has resumed profitability and remained that way each year since. In fact, it's posting record profit.
On the flip side, domestic sales continue to provide a boost to the share price. With the release of the May sales numbers, it showed that 1.4 million units were sold. The annualized sales rate now hovers close to 15.5 million units and continues to show incredible strength in the domestic market. While the company is no longer part of the Dow Jones Industrial Average, it has taken a step in the right direction with its addition to the S&P 500, which marks just how far the company has climbed since 2008 and how much adversity it has overcome.