Skip to main content

Troubled Asset Relief Program

  • 0
    Report: Bush says he'd pull the trigger on auto bailouts again     1328628540

    President George W. Bush recently spoke to a gathering of auto dealers in Las Vegas, saying that while he believes in the free market under normal conditions, he doesn't regret the $700 billion bailout fund used to rescue General Motors and Chrysler from the brink of collapse. Bush was quoted as ...

  • 0
    Report: General Motors eligible for a tax break of up to $45B     1288993500

    They say that only certain things in life are death and taxes. General Motors already escaped one of the two, and now it's getting a big break on the other – as part of GM's restructuring plan, it's eligible for up to $45 billion in tax breaks. Under the Troubled Asset Relief Program ...

  • 0
    Report: Congressional panel doubts GMAC business case, suggests breakup     1268420280

    "The panel is deeply concerned that Treasury has not required GMAC to lay out a clear path to viability or a strategy for fully repaying taxpayers." This, according to a Congressional Oversight Panel that was created as a watchdog for the U.S. Treasury's Troubled Asset Relief Program (TARP) ...

  • 0
    REPORT: Chrysler Financial repays $1.5B in government loans     1247607240

    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 ...

  • 0
    REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash     1240328400

    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 ...

  • 0
    REPORT: GM to get $5B, Chrysler $500M from gov't     1240322340

    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 ...

  • 0
    BREAKING: Bush greenlights $17.4 billion Auto Rescue/Bailout package     1229697120

    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 ...

Loading

Loading
Autoblog iPhone App