By 2009, the federal government had become the majority stockholder in what was once the world's largest __________ company.

Question

Quizplus · Accepted Answer

By 2009, the federal government had become the majority stockholder in General Motors (GM), which was once the world's largest automotive company. This was due to the financial crisis of 2008 and the bailout of the American automotive industry by the US government.

By 2009, the Federal Government Had Become the Majority Stockholder