General Motors' CEO, Rick Wagoner, who's been manning the helm for the last eight years and a part of its staff since 1977, has taken some heat for asking the Feds for a bailout.
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 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 ...
as part of a bailout of the auto industry. “At the time, GM agreed to “top up” pension benefits to original levels for workers covered by three union agreements, which Treasury Department ...
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 ...
The bailout of Chrysler was an important milestone ... They could have continued to work with Ford and GM, but the effects of bankruptcy at Chrysler would have at least forced them to increase ...
and hurtling towards bankruptcy and a bailout, sales and profits from China allowed it to keep the lights on. Now the opposite is true. GM is making record profits at home, but it’s losing ...
Swedish union IF Metall has written a letter to US president Barack Obama about bankrupt Swedish automaker Saab, hoping for a similar result to the General Motors bailout of 2009.