GM Announces It Will Pay Back Gov’t Loan With Gov’t Money

ProPublica 5 days ago Region: United States

GM will be begin paying back the TARP money in December [1], the company announced [2] this morning. It’s a statement in need of a little context. Basically, GM will be using a portion of its $50 billion in TARP bai... more

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GM stock doubles after bankruptcy

Joe Gallagher 5 months ago Region: Canada

After all we have been through with the market meltdown, crumbling financial institutions, overleveraged home buyers and irrational exuberance in the stock market. We still have not learned our lesson when it comes to gree... more

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GM by the Numbers

ProPublica 5 months ago Region: Michigan

GM declared bankruptcy this morning and over the coming few months (the administration says it expects the process to go as quickly as it has for Chrysler), the company will be kept alive by even more taxpayer money as it ... more

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Of the Big Three Automakers, Ford Is Taking Initiative

Can Tran 11 months ago Region: United States

It was back in late November in which United States Democratic President-elect Barack Obama had given blunt criticisms to the banks. Obama had said that the bank executives are already worth millions of dollars. He said th... more

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GM CEO Rick Wagoner to Cut Costs, Employees

Ground Report a year ago Region: Michigan

Rick Wagoner and General Motors must cut costs to keep their beleaguered automotive company from going bankrupt. One of the ways Wagoner plans to do this is by cutting his salaried cash costs by as much as 20 percent. So... more

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Rick Wagoner To Resign As Head Of General Motors

Can Tran 7 months ago Region: United States

One of the biggest issues nearing the end of 2008 would be a bailout for the automotive industry. For that that have kept track, the automotive industry (the Big Three) had requested to be part of the financial bailout. To... more

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Prospect of Bankruptcy For Big Three Contemplated By Bush

Can Tran 11 months ago Region: United States

Once United States President-elect Barack Obama takes office as President on January 20, 2009, he will be the one who has to deal with the impending economic crisis. It was several weeks ago that CEOs of the Big Three auto... more

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