Study: Auto bailout saved over 1 million jobs
If these figures are accurate, they mean that, despite the fact that the two carmakers have only repaid $13.4 billion of the $80 billion that was loaned out, the government only needs to receive another $38 billion to cross a theoretical break-even point. That would be a pretty rosy picture compared to the doom and gloom that opponents to the bailout predicted before the treasury opened its doors. The full study is available at the Car Group web site.
[Source: The Detroit Bureau]
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models