0

According to a new study by the Center For Automotive Research (CAR), for every $1 spent rescuing General Motors and Chrysler in 2008/09, $8 were saved to the U.S. economy, including by those who would have been adversely affected if they’d been allowed to fail. As the Treasury Department is preparing to sell off its […]

+ Read More
0

As the U.S. Treasury continues to remove the “government” from what has been disparagingly called “government motors,” the department’s monthly report to Congress for July reported another $877 million in GM stock sold. This is part of the government’s ongoing plan announced in December to divest itself of GM stock within 12-15 months. The government […]

+ Read More
0

Among the politicized criticism levied against the purveyor of the Chevy Volt was that it was created in the midst of perceptively dark days when taxpayer money was used to bail its parent company out in 2009. The federal government was – and yet is – a still a substantial shareholder, but it’s taking steps […]

+ Read More
0

General Motors will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury for $5.5 billion, or $27.50 per share. The share buyback is expected to close by the end of the year. It is part of the U.S. Treasury’s plan, also announced today, to fully exit its entire […]

+ Read More