GM back in the day. (Flickr Creative Commons)

General Motors announced Wednesday it will buy back $200 million of its shares from the U.S. Treasury.  The Treasury plans to sell the rest of its GM shares over the next 15 months, according to CNBC.

The Treasury's ownership of GM shares has earned it the nickname "Government Motors."

GM said it will pay $5.5 billion for the Treasury stake by the end of the year. 

Read the whole story here.

Read more of Neon Tommy's coverage of General Motors here.

Reach Executive Producer Michael Juliani here.