Jan 26 (Reuters) - The U.S. Treasury Department said Monday that General Motors will repay $6.7 billion in financial rescue funds to the government in June. The loan was made in December 2008 under the government's $700 billion Troubled Asset Relief Program (TARP). In a report on Jan. 11, the Treasury said it estimates that total TARP repayments and proceeds from sales of its common stock in banks should exceed $185 billion by the end of 2010. The department has said it does not expect ...
Premium Content (PAID Subscription Required)
"FACTBOX-Where has the U.S. bailout money gone?" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.