auto bailout

The General Motors headquarters is seen April 1, 2014 in Detroit, Michigan. General Motors has recalled millions of vehicles in recent months due to a power steering defect and a faulty ignition-switch. (Credit: Joshua Lott/Getty Images)

Government Report Says US Lost $11.2B On GM Bailout

The estimate comes from a quarterly report to Congress by a government watchdog and is up from a previous estimate of $10.5B.

WWJ Newsradio 950–04/30/2014

(GM Photo)

Government Sells Remaining Stake In GM

The U.S. government ended up losing $10.5 billion on its bailout of General Motors, but still says the alternative would have been much worse.

WWJ Newsradio 950–12/09/2013

Getty Images

Government Needs $95.51 Per Share To Break Even On GM Bailout

“There’s no question that Treasury, the taxpayers, are going to lose money on the GM investment,” said Special Inspector General Christy Romero.

WWJ Newsradio 950–07/24/2013

(Justin Sullivan/Getty Images)

Treasury To Sell 30 Million Shares Of GM Stock

The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.

WWJ Newsradio 950–06/05/2013

(credit: Scott Olson/Getty Images)

Government Sold $621M Worth Of GM Stock In March

The Treasury Department says it sold $621 million worth of GM common stock last month — likely about 22 million shares.

WWJ Newsradio 950–04/10/2013

General Motors Chairman and Chief Executive Officer Dan Akerson speaks at the 2012 GM annual meeting of stockholders in Detroit. (credit: Bill Pugliano/Getty Images)

General Motors To Buy Back 200M Government Shares

General Motors, trying to clear the stigma of being partly owned by the U.S. government, will spend $5.5 billion to buy back 200 million shares of its stock from the treasury.

WWJ Newsradio 950–12/19/2012

Mitt Romney (Photo by Justin Sullivan/Getty Images)

Opinion: Romney’s Desperation Showing In Final Days Of Campaign

As the campaign draws to a close it has become very apparent that Obama will return to the White House and that Harry Reid will lead a Democratic Senate.

11/02/2012

Barack Obama (Photo by Olivier Douliery-Pool/Getty Images)

Opinion: Auto Manufacturing Is Back In America. Obama Was Right, Romney Was Wrong.

Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.

10/29/2012

A shuttered Saturn dealership (Photo by Justin Sullivan/Getty Images)

Opinion: The Auto Bailout Wasn’t A Safe Financial Deal For America

Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.

10/29/2012

President Barack Obama and Gov. Mitt Romney. (Getty Images/Luke Sharrett and Joe Raedle)

CBS Local Presidential Forum: Obama/Romney: Push Back On Opponent’s False Accusations

With the CBS Local Presidential Forum coming to a close Barack Obama and Mitt Romney take their chance to set the record straight, pointing out the false accusations their opponent has leveled and giving their response.

10/19/2012

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