bailout
U.S. Treasury To Sell Remaining GM Stake
It might finally be time to say goodbye to Government Motors, because General Motors is buying back $5.5 billion of the common stock that the U.S. Treasury currently owns. GM...
Will Fiat’s World Headquarters Move to Michigan?
"It is always good when a man has two irons in the fire." --Francis and Fletcher, John Beaumont, The Faithful Friends, Act 1. While there's certainly something to be said for...
GM, US Treasury Butt Heads On U.S. Ownership of Shares
Who wants to buy a car from Government Motors? Apparently, not as many people as would prefer to buy one from General Motors. That's the argument that GM has attempted to...
Detroit 3, CAW Prepare For Difficult Contract Talks
The funny thing about the car business, or indeed nearly every business, is that it's very much about people. Whether those people happen to be the famous ones that run a...
Romney Says He’ll Sell GM Stake Immediately
GOP presidential candidate Mitt Romney told the Detroit News that one of the first things he would do if elected president is to completely divest of the government's stake in...
Chrysler To Refinance Debt, Repay Government Loans
By Chris Haak Probably due to its much larger size, GM's bailout and repayment of some government loans has drawn far more attention than the assistance provided to Chrysler...
Toronto-Dominion Bank To Buy Chrysler Financial
By Chris Haak Toronto-Dominion, the second-largest bank in Canada based on deposits, announced today that it has acquired Chrysler Financial. Chrysler Financial has had a...
GM Pulls off a Successful IPO at $33 Per Share
By Chris Haak Less than a year and a half after its predecessor, General Motors Corporation, collapsed under the crushing weight of declining sales and market share,...
Opel Withdraws State Aid Requests; GM Will Finance Restructuring Itself
By Chris Haak Less than a week after the German government declined to provide the state aid that Opel requested to partially fund its restructuring, GM's European arm has...
GM May Return to Captive Finance
By Chris Haak Back in 2006 when GM sold a 51 percent controlling stake in GMAC to a consortium led by Cerberus Capital Management, many saw it as a sign that the company was...