Cars
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 deriding GM as “Government Motorsâ€.
- Gm, Chrysler Bail Out Cost The Us Government $9.26 Billion
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- Gm Surpasses Ford In Government Sales For The First Time Since The 2009 Bailout
Hard as it may try to put to rest the “Government Motors†moniker its opponents have coined since the 2009 bailout, General Motors will probably have to deal with it again. This time the reason is the data published by the General Services...
- 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,...
- 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...
- 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...
Cars
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 deriding GM as “Government Motorsâ€.
Now that the company is up and running for good (sans its European operations) reclaiming the number one spot from Toyota in 2011 and is posting profits, it wants to buy back its shares.
Read more »- Gm, Chrysler Bail Out Cost The Us Government $9.26 Billion
...
- Gm Surpasses Ford In Government Sales For The First Time Since The 2009 Bailout
Hard as it may try to put to rest the “Government Motors†moniker its opponents have coined since the 2009 bailout, General Motors will probably have to deal with it again. This time the reason is the data published by the General Services...
- 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,...
- 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...
- 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...