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General Motors Bailout

The Price Of Human Life, According To GM

Michael Moore | Posted 06.01.2014 | Business
Michael Moore

The executives at GM knew for 13 years that their cars had a defective ignition switch that would, well, kill people. But they did a "cost-benefit analysis" and concluded that paying off the deceased's relatives was going to be cheaper than having to install a $10 part per car.

Saving GM Was a Great Investment

David Kiley | Posted 02.10.2014 | Detroit
David Kiley

Now, that the U.S. Treasury has exited its partial ownership of General Motors, the bill to the tax-payer is reported to be $10.5 billion. Libertarians and many a Tea party Republican decry the bill. But are we forgetting the $24 billion the Republican led government shutdown cost the economy?

U.S. Government Sells Off The Rest Of Its GM Stock

AP | TOM KRISHER | Posted 12.10.2013 | Business

DETROIT (AP) — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far wors...

Bailed Out Automaker Wants To Give CEO HUGE Raise

Detroit News | David Shepardson | Posted 02.25.2013 | Business

Washington — General Motors Co. wants to pay its chief executive $11.1 million in total compensation this year — an increase of more than 20 perce...

The Cost To Taxpayers Of Saving An American Icon: $12 Billion

The Huffington Post | Mark Gongloff | Posted 12.20.2012 | Business

Science has determined that people need to know 7.5 things per day, on average, about the world of business. You can't argue with science. Lucky for y...

GM Becomes Less Government-Owned

AP | TOM KRISHER and MARTIN CRUTSINGER | Posted 02.18.2013 | Business

DETROIT — The U.S. government's short stint in the auto business is coming to an end. The Treasury Department said Wednesday that it will sell ...

GM Makes Surprising Announcement

The Huffington Post | Ron Dicker | Posted 05.18.2012 | Business

Turns out Facebook wasn't the only advertising vehicle that GM was doubting. Now the auto giant says it won't advertise during the next Super Bowl. ...

Their Eyes Were Watching The President

Connie Cuellar | Posted 05.16.2012 | Politics
Connie Cuellar

The union hall for UAW Local 400 in Sterling Heights, Mich. was packed with supporters to watch the Obama campaign's 17-minute re-election movie, The Road We've Traveled, which debuted Thursday night at more than 300 campaign-organized watch parties across the country.

Auto Industry Turn-Around Is a Two-Party Success

Ken Blackwell | Posted 04.24.2012 | Politics
Ken Blackwell

This auto industry recovery is an example of both parties working together to help save a national treasure in our auto industry and preserve jobs in industries that depend on auto manufacturing.

GM: Too Big to Bail (Out Detroit)?

Craig Regester | Posted 02.07.2012 | Detroit
Craig Regester

You tell me: Is GM too big to bail out the city of Detroit? 
Don't they owe us by now? Not just for what the U.S. taxpayers provided them only two years ago, but how about for the near century of grueling wage labor Detroit's workers provided?

Obama On Auto Bailout: Yes We Did, And It Worked

AP | JIM KUHNHENN | Posted 08.03.2011 | Politics

TOLEDO, Ohio -- President Barack Obama said Friday that the economy faces challenges ahead and "bumps on the road to recovery." But at an event to cel...

U.S. Cut Wall Street's Windfall On GM IPO -- But Taxpayers Haven't Broken Even Yet

bloomberg.com | Rebecca Christie and Ian Katz | Posted 05.25.2011 | Business

Nov. 26 (Bloomberg) -- Want to underwrite one of the largest initial public offerings in history? Chop your usual fee by three-fourths and commit to l...

GM's Challenge for Tea Partiers: More Cash for Clunkers?

Dan Becker and James Gerstenzang | Posted 05.25.2011 | Politics
Dan Becker and James Gerstenzang

WASHINGTON -- Here is a test for the new Republican majority headed for the House of Representatives under the banner of cutting the budget deficit, e...

Gretchen Morgenson: General Motors 'Paid Back' Bailout Funds With Other Taxpayer Dollars

New York Times | Posted 05.25.2011 | Business

Taxpayers are naturally eager for news about bailout repayments. But what neither G.M. nor the Treasury disclosed was that the company simply used oth...

Obama Administration: General Motors IPO Will Be Exclusive: U.S. wants to fast-track GM IPO

Reuters | Kevin Krolicki and John Crawley | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in...

GM Discounts: Saturn, Pontiac Cars Get $7000 Rebate

AP | Posted 05.25.2011 | Business

NEW YORK — General Motors Co. is offering deep discounts on its remaining Saturn and Pontiac vehicles as it looks to move the leftover inventory...

General Motors: Cold War Part II

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

General Motors' prospects are improving and there is widespread sentiment that its European operations should not be sold now nor should they be allowed to be taken over in order to protect technology.

GM To Cut 4,000 White-Collar Jobs This Year

AP | Posted 05.25.2011 | Business

DETROIT (AP) -- About 4,000 more salaried workers at General Motors Corp. will lose their jobs by the end of the year as the automaker continues to do...

GM Files For Bankruptcy

AP | DAN STRUMPF and KIMBERLY S. JOHNSON | Posted 05.25.2011 | Business

NEW YORK — General Motors entered Chapter 11 bankruptcy protection Monday with a near-complete plan to quickly emerge and potentially become pro...

GM Losers: 30 Shareholders That Could Get Hurt By Bankruptcy

usnews.com | Rick Newman | Posted 05.25.2011 | Business

If General Motors declares bankruptcy, some of its investors--including bondholders, other secured lenders, and the U.S. government--are likely to get...

Grand Theft Automaker

Stuart Whatley | Posted 05.25.2011 | Business
Stuart Whatley

Nobody expects the administration to right the world economy in a day, but what it can do is make sure each who is owed gets his fair share of the pie.

One Man's Car Shows Why Aid to the Automakers Must Include a Commitment to Fuel Efficiency

Mitchell Bard | Posted 05.25.2011 | Green
Mitchell Bard

By forcing General Motors and Chrysler to shift focus to a future of fuel-efficient vehicles, all of the concerns can be addressed. The automakers can be saved.

GM, Chrysler seek more gov't aid, to cut more jobs

AP | TOM KRISHER and KEN THOMAS | Posted 05.25.2011 | Business

DETROIT — General Motors and Chrysler said Tuesday their request for federal aid ballooned to a staggering $39 billion _ only months after recei...

GM cuts 10,000 salaried jobs, trims employees' pay

AP | BREE FOWLER | Posted 05.25.2011 | Business

NEW YORK — General Motors Corp. is planning to slash another 10,000 salaried jobs this year, saying the cuts are unavoidable with a government r...

GM: Cash Will Run Out Before March 31

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — The target date for General Motors Corp. to get its second installment of government loans passed last week, but a top company executi...