GM repaid $6.7 billion in US loans and another ... With the Obama administration crowing about the "success" of this bailout, let's go back to the beginning, to those $45 billion in loans.
However, that's where the truth apparently ends. The story goes on to say that GM plans to use money obtained from the proposed government bailout package to pay for the Brazilian investment.
The salaried employees pension plan was transferred to the Pension Benefit Guaranty Corp. as part of a bailout of the auto industry. “At the time, GM agreed to “top up” pension benefits to ...
President Donald Trump threw a fit, but GM shrugged him off. The facts are the facts. What did U.S. taxpayers get for their $11.2 billion bailout of GM? About ten years of business-as-usual ...
It was that same year that the American economy took a shocking nosedive that eventually led GM to accept a government ...
The automaker estimates its struggling China business will cost $5 billion, but it isn't giving up on the country yet.
The Obama administration compares the $50 billion in direct bailout funds with the price it will eventually be able to get for selling the GM stock it owns. But that assumes that the stock price ...
Reuters reports that the Canadian Auto Workers leadership and General Motors Canada have agreed ... cash-starved automaker with billions more in bailout dollars. According to Reuters, the union ...
While these performance pet projects weren't near the top of the reasons why GM ultimately needed a government bailout, they surely played a role. We've compiled a list of the 10 craziest GM ...
In fact, Buick’s survival as a brand is due to China. When GM was frantically trying to slim itself down amid the 2008 financial bailout, Buick survived because of then-CEO Fritz Henderson’s ...