Cars
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM.
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Obama: Auto Industry Bailout Was The Right Thing To Do
President Barack Obama is using GM's recent loan repayment and Chrysler's operating profit as proof that his "unpopular" auto bailout decision was the right thing to do. "I knew this wasn't a popular decision. But it was the...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- $14 Billion Auto Bailout Faces Serious Opposition In Senate
The U.S. House may have approved the Bush administration's $14 billion emergency bailout plan for Detroit's Big Three late Wednesday, however the bill's fate is uncertain as it still needs to win the support of the Senate. And the omens aren't...
Cars
Obama Administration Pondering On How to Unload its 32 Percent Stake in GM
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM.
The bailout has been a hotly debated issue, with Republicans claiming that the Obama administration had spent taxpayers’ money, Democrats responding that it was the right thing to do.
As the recent elections have proven, it wasn’t an argument worth pursuing, especially in the Midwestern states. However, now that he has been re-elected, President Obama is faced with a dilemma.
Read more »- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Bailout Execs Criticized For Receiving Big Salaries, Some Claimed They Couldn't Survive With $500k…
On Tuesday, the Office of the Special Inspector General charged with auditing the government's Troubled Asset Relief Program (TARP), which bailed out among others General Motor and the Chrysler Group, came out with a report criticizing the U.S. government...
- Obama: Auto Industry Bailout Was The Right Thing To Do
President Barack Obama is using GM's recent loan repayment and Chrysler's operating profit as proof that his "unpopular" auto bailout decision was the right thing to do. "I knew this wasn't a popular decision. But it was the...
- Breaking: Gm Receives Another $2 Billion In Goverment Loanns
General Motors announced on Friday that it has received a fresh injection of US$2 billion in emergency funds from the Obama administration as the company strives to avoid what appears be for many analysts, the unavoidable - bankruptcy... The new loan...
- $14 Billion Auto Bailout Faces Serious Opposition In Senate
The U.S. House may have approved the Bush administration's $14 billion emergency bailout plan for Detroit's Big Three late Wednesday, however the bill's fate is uncertain as it still needs to win the support of the Senate. And the omens aren't...