The Canadian government is selling all its shares in General Motors.

In a statement, Canada GEN Investment Corporation, a Canadian federal crown corporation, said it would sell 73,389,831 shares of its General Motors Company (GM) common stock to Goldman, Sachs in an unregistered block trade. The sale will be completed on 10 April.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Further details about the share sale will be made available when Canada GEN reports its trade with U.S. and Canadian securities regulators in the next several days.

“Canada GEN, a wholly-owned subsidiary of Canada Development Investment Corporation, holds Canada’s equity interest in GM. Following completion of this sale, Canada GEN will have sold all of its remaining shares of GM common stock.”

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact