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BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package
Filed under: Government/Legal, Chrysler, GM, Earnings/FinancialsPresident George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour...
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REPORT: GM to get $5B, Chrysler $500M from gov't
Filed under: Government/Legal, Chrysler, GM, Earnings/Financials, RumormillIs General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The...
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REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash
Filed under: Government/Legal, Chrysler, Earnings/FinancialsOver the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the...
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REPORT: Chrysler Financial repays $1.5B in government loans
Filed under: Government/Legal, ChryslerAccording to a variety of reports, Chrysler Financial has reimbursed the $1.5 billion it was loaned on January 16 through the Treasury Department's Troubled Asset...
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Report: Congressional panel doubts GMAC business case, suggests breakup
Filed under: Government/Legal, Earnings/Financials "The panel is deeply concerned that Treasury has not required GMAC to lay out a clear path to viability or a strategy for fully repaying taxpayers."...
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Report: General Motors eligible for a tax break of up to $45B
Filed under: GM, Earnings/Financials They say that only certain things in life are death and taxes. General Motors already escaped one of the two, and now it's getting a big break on the other - as...
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Bush says he'd pull the trigger on auto bailouts again
Filed under: Government/Legal, Chrysler, GM President George W. Bush recently spoke to a gathering of auto dealers in Las Vegas, saying that while he believes in the free market under normal...
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Former CEO Whitacre urges Treasury to sell stake in General Motors
Filed under: Government/Legal, GM, Earnings/Financials Former General Motors chairman and CEO Ed Whitacre is in the papers today, specifically the Opinion section of The Wall Street Journal, espousing...
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Treasury says auto bailout tally drops to $20.3 billion
Filed under: Government/Legal, Chrysler, GM, Earnings/Financials In December, the US Treasury announced that it was going to sell all of its shares in General Motors within 12 to 15 months. The first...
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Treasury to begin selling off more GM stock
Filed under: Government/Legal, GM, Earnings/Financials Reuters reports that earlier this week the US Treasury announced the sale of another tranche of General Motors stock. It didn't say how many of...
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Treasury needs GM stock to be worth $95.51 to break even
Filed under: Government/Legal, GM, Earnings/Financials Special Inspector General Christy Romero has delivered another report to Congress on the state of the Troubled Asset Relief Program (TARP) up to...
View ArticleShould Detroit's bailout bucks be paid with a gas tax?
Filed under: Government/Legal, Green, United StatesNow that gas is once again (relatively) cheap, there's a renewed sense that adding a higher tax on each drop of petroleum might be a wise plan. It's...
View ArticleAuto bailout cost the US goverment $9.26B
Filed under: Earnings/Financials, Government/Legal, Chrysler, GM, United StatesThe final tally on the cost of the US auto industry bailout is in. With the recent sale of shares of Ally Financial, the...
View ArticleBREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package
Filed under: Earnings/Financials,Government/Legal,Chrysler,GMPresident George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge...
View ArticleShould Detroit's bailout bucks be paid with a gas tax?
Filed under: Government/Legal,Green,United StatesNow that gas is once again (relatively) cheap, there's a renewed sense that adding a higher tax on each drop of petroleum might be a wise plan. It's...
View ArticleREPORT: GM to get $5B, Chrysler $500M from gov't
Filed under: Earnings/Financials,Government/Legal,Rumormill,Chrysler,GMIs General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The...
View ArticleREPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash
Filed under: Earnings/Financials,Government/Legal,ChryslerOver the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the...
View ArticleREPORT: Chrysler Financial repays $1.5B in government loans
Filed under: Government/Legal,ChryslerAccording to a variety of reports, Chrysler Financial has reimbursed the $1.5 billion it was loaned on January 16 through the Treasury Department's Troubled Asset...
View ArticleReport: Congressional panel doubts GMAC business case, suggests breakup
Filed under: Earnings/Financials,Government/Legal"The panel is deeply concerned that Treasury has not required GMAC to lay out a clear path to viability or a strategy for fully repaying taxpayers."...
View ArticleReport: General Motors eligible for a tax break of up to $45B
Filed under: Earnings/Financials,GMThey say that only certain things in life are death and taxes. General Motors already escaped one of the two, and now it's getting a big break on the other – as part...
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