Cars
Last month, the US Treasury Department sold its remaining 11.4% stake in Ally Financial, formerly known as GMAC, General Motors’ lender and bank-holding company, and closed the books on the government bailout of its auto industry.
Read more »
- 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 Price Of Saving Two Of America’s Big Three? $14 Billion, But It Could Have Been Worse
Here’s a fun little activity for our readership: check out the U.S. National Debt Clock website and take a gander at the figure under, “U.S. National Debtâ€. That number is a little over US$14 trillion (€9.67 trillion), and is...
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- Chrysler Group Repays Us And Canadian Government Loans In Full
The Chrysler Group announced the repay of U.S. and Canadian government loans totaling $7.6 billion (€5.39 billion), more than six years ahead of schedule. More specifically, the Detroit automaker made a payment of $5.9 billion to the U.S. Treasury...
- 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...
Cars
GM, Chrysler Bail Out Cost the US Government $9.26 Billion
Last month, the US Treasury Department sold its remaining 11.4% stake in Ally Financial, formerly known as GMAC, General Motors’ lender and bank-holding company, and closed the books on the government bailout of its auto industry.
Read more »
- 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 Price Of Saving Two Of America’s Big Three? $14 Billion, But It Could Have Been Worse
Here’s a fun little activity for our readership: check out the U.S. National Debt Clock website and take a gander at the figure under, “U.S. National Debtâ€. That number is a little over US$14 trillion (€9.67 trillion), and is...
- Fiat Completes Purchase Of Chrysler From U.s. And Canadian Governments, Us Taxpayers Lose $1.3 Billion
The Fiat Group today purchased the remaining Chrysler LLC shares held by the U.S. and Canadian governments. The Italian company acquired a 1.5% fully diluted stake in Chrysler Group LLC from Canada for US$125 million, and a 6% stake from the United States...
- Chrysler Group Repays Us And Canadian Government Loans In Full
The Chrysler Group announced the repay of U.S. and Canadian government loans totaling $7.6 billion (€5.39 billion), more than six years ahead of schedule. More specifically, the Detroit automaker made a payment of $5.9 billion to the U.S. Treasury...
- 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...