TARP
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...
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...
Fiat Acquires a Majority Stake in Chrysler
By Chris Haak Last week, about two years after exiting bankruptcy protection, Chrysler Group LLC has repaid its outstanding government loans. Between a $5.9 billion...
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...
GM Launches IPO
By Chris Haak General Motors Company, a little over a year after exiting Chapter 11 bankruptcy protection, launched its initial public offering yesterday. It marks the first...
Geithner Claims “Reasonable Chance” GM and Chrysler Will Repay Aid
But of course, there's a catch. By Chris Haak US Treasury Secretary Timothy Geithner told the Senate Appropriations Subcommittee that taxpayers were still at risk of loss from...
Is GM Overhyping its “Loan Repayment?”
By Chris Haak Since Wednesday, GM has been making a big deal about its repayment of the remaining $5.8 billion balance of government loans ($4.7 billion to the US and $1.1...
GM Re-Hires Ex-CEO Fritz Henderson as Consultant, Reveals Whitacre’s Pay...
By Chris Haak 02.21.2010 In a surprising twist, GM has disclosed that it re-hired deposed CEO Fritz Henderson, whose brief tenure as President and CEO lasted from March 31, 2009...
Obama Calls US Auto Industry “Unsustainable”
President Obama today, during an online news conference, said that the US auto industry is unsustainable and that his administration would announce plans in the next few...
GMAC Receives TARP Funding; Immediately Offers Better Terms
By Chris Haak 12.30.2008 The US Treasury announced yesterday that it had approved a $6 billion financial assistance package for GMAC, the heretofore 49% GM-owned/51%...
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