Tag: bailouts

By on October 31, 2014

Seal_on_United_States_Department_of_the_Treasury_on_the_Building

Should companies in the future need to be bailed-out by the federal government, they may not be so forthcoming with the necessary information if General Motors’ confidential documents linked to its own bailout see the light of day.

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By on May 1, 2014

File photo of General Motors logo outside its headquarters at the Renaissance Center in Detroit

Detroit Free Press reports the U.S. Treasury lost $11.2 billion in taxpayer money from the rescue of General Motors back in 2008, up from the $10.3 billion estimated after the agency sold its remaining shares back in early December 2013. Part of the final figure came as a write-off of an $826 million “administrative claim,” which was found in a report by the Office of the Special Inspector General for the Troubled Asset Relief Program. The overall figure pales in comparison to the $50.2 billion given by both Bush and Obama administrations between 2008 and 2009 to GM as the automaker struggled through its financial crisis at the onset of the Great Recession.

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By on February 19, 2014

2011 Peugeot China 508 With Couple

The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries.

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By on December 10, 2013

gmstock

It’s official: the United States government has sold off its remaining $49.5 billion investment in General Motors.

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By on November 5, 2013

Nurburgring_lap

Nissan. Cadillac. Chevrolet. All brag about being the Lord of the ‘Ring, upsetting the German automakers to no end. Yet, one of them may still have the last laugh through the act of saving the Nürburgring from certain doom.

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