Troubled Asset Relief Program


REPORT: Chrysler Financial repays $1.5B in government loans

According to a variety of reports, Chrysler Financial has reimbursed the $1.5 billion it was loaned on January 16 through the Treasury Department's Troubled Asset Relief Program (TARP) – making Chrysler's financial arm the first auto-sector company to pay back its government loans. Chrysler Financial says it used the funding to provide more thatn 85,000 consumer loans for vehicle purchases and said the quick pay-off was due to provisions contained withn the loan that would increase costs over time. Although Chrysler Financial is still ... Read more →

REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash Frank Filipponio

Over the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the latest reports, it will be $5B to the latter and $500M to ...

REPORT: GM to get $5B, Chrysler $500M from gov't Frank Filipponio

Is General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The Detroit News seems to think so. Citing Obama Administration sources and a ...

BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package Chris Paukert

President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and ...

REPORT: Chrysler Financial repays $1.5B in government loans 5 months ago on Autoblog

According to a variety of reports, Chrysler Financial has reimbursed the $1.5 billion it was loaned on January 16 through the Treasury Department's Troubled Asset Relief Program (TARP) – making Chrysler's financial arm the first auto-sector company to pay back its government loans. Chrysler ...

REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash 8 months ago on Autoblog

Over the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the latest reports, it will be $5B to the latter and $500M to the former. We also mentioned it had been reported that Chrysler Financial had inexplicably turned ...

REPORT: GM to get $5B, Chrysler $500M from gov't 8 months ago on Autoblog

Is General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The Detroit News seems to think so. Citing Obama Administration sources and a leaked 250-page government report, they say that those figures are accurate. The money will reportedly ...

BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package 1 year ago on Autoblog

President George W. Bush will doubtlessly be remembered for many things things, but his parting legacy may yet be his eleventh-hour pledge of $17.4 billion in low-interest loans to General Motors and Chrysler (Ford Motor Company has said it does not require relief at this time). The funding will ...






Autoblog Podcast #158: 'Twas a couple nights before Christmas...

Chris, Editor Paukert, and Dan send the Podcast off for the Christmas holiday in proper fashion

 
 

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