Cars
The U.S. car industry bailout process was a troubled one but at least ended well as both General Motors and Chrysler are in much better shape than two years ago. In fact, GM has even regained its number one spot in world sales. All is well that ends well, then.
- Toyota To Start Settling Sudden Acceleration Cases
Toyota will begin an intensive settlement process to resolve the unintended acceleration lawsuits, a California judge said. U.S. District Judge James V. Selna issued an order halting the suits after Toyota and the plaintiffs' lawyers asked for time...
- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- The Company Formerly Known As “old Gm†Is Dead At Age 103
It was long overdue, but it was bound to happen: the company lawyers named Motors Liquidation Co. but which we came to know as "old GM" during the 2009 government bailout period, died on Thursday, December 15. Though it had a very long lifespan...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Tesla Wants $400 Million Bailout Loan - Anyone Else?
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to...
Cars
Federal Judge Approves $120 Million Legal Fees for “Old†GM Lawyers
The U.S. car industry bailout process was a troubled one but at least ended well as both General Motors and Chrysler are in much better shape than two years ago. In fact, GM has even regained its number one spot in world sales. All is well that ends well, then.
However, the matter of fees and expenses for the lawyers and consultants that were owed by the “Oldâ€, i.e. bankrupt, GM, remained. These professionals worked for the company during the bailout, and then requested their fees.
Read more »- Toyota To Start Settling Sudden Acceleration Cases
Toyota will begin an intensive settlement process to resolve the unintended acceleration lawsuits, a California judge said. U.S. District Judge James V. Selna issued an order halting the suits after Toyota and the plaintiffs' lawyers asked for time...
- U.s. Treasury Department Won’t Sell Gm Its Shares Back Until The Price Is Right
During the 2009 bailout, the U.S. Treasury Department invested more than US$50 billion in General Motors through Troubled Asset Relief Program. It currently owns a 26.5 percent stake in the company, a fact that has led bailout and government opponents...
- The Company Formerly Known As “old Gm†Is Dead At Age 103
It was long overdue, but it was bound to happen: the company lawyers named Motors Liquidation Co. but which we came to know as "old GM" during the 2009 government bailout period, died on Thursday, December 15. Though it had a very long lifespan...
- New Study Says That Every Gm Vehicle Sold In The States Costs Taxpayers $12,200 - In Theory...
It's 'bailout talk' time again as a new study that was conducted by Thomas D. Hopkins, a Professor of Economics at Rochester Institute of Technology, for the 362,000-member strong National Taxpayers Union (NTU), finds that the American taxpayer...
- Tesla Wants $400 Million Bailout Loan - Anyone Else?
Everyone wants a piece of the (bailout) pie; even tiny Tesla Motors. The Associate Press reported that the Silicon Valley-based electric car joined Detroit's Big Three automakers in their bid to get a $25 billion government aid. Tesla was said to...