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    Report: Washington ups GM bailout loss estimate to $11.2B
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    Apparently, the cost of the US Treasury's bailout of General Motors is still being calculated. A new report from the Special Inspector General for the Troubled Asset Relief Program, which oversees the TARP initiative, found that the US government has lost more money on its investment than ...

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    Report: US Treasury sells $877 million in GM stock
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    The United States Treasury has shuffled another 135 to 137 million shares of General Motors stock as it continues its exit from the Detroit-based manufacturer. According to The Detroit News, the July sale netted the government $876.9 million, which was valued between $34 and $37 per share. The ...

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    Report: US Treasury signals it will sell off remaining GM shares
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    True to its word, the US Treasury Department has taken steps today to rid itself of its remaining 300-million shares of General Motors stock. The Treasury has engaged both JP Morgan and Citigroup Global Markets to handle the sale of the remaining shares, reports the Detroit Free Press. After ...

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    BREAKING: GM to begin repaying $6.7 billion in U.S. loans next month
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    digg_url = 'http://www.autoblog.com/2009/11/16/breaking-gm-to-begin-repaying-6-7-billion-in-us-loans-next-mon/'; General Motors will announce later today plans to repay the U.S. government some $6.7 billion in loans ahead of its initial due date of July 2015. The payments are expected to begin ...

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    Countach vs. Cessna
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    The Lamborghini Countach was everywhere in the 1980s. It was so often presented as the ultimate car, photographed with celebrities, and generally placed in the spotlight that even your grandmother could've recognized it. Because of its vaunted status, the Countach is an aspirational car that you ...

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    Get ready for mileage to drop: new EPA rating system unveiled
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    For the first time in more than 20 years, the US Government is changing the way they calculate the estimated fuel mileage on window stickers. The changes will be seen starting with 2008 model year cars in the form of a newly styled window sticker and a new test procedure to better reflect the ...

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    The political winds may be shifting in Detroit
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    The political alliances in the Motor City have historically been rather black-and-white, with the UAW lining up alongside Democrats and management favoring the Republicans. Yes, one can find exception to these stereotypes, but the above comes as close as one can to describing 40-some years of ...

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    Senators harp on Detroit for not providing better fuel economy, push for tougher CAFE standards
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    Four US Senators took to the microphone yesterday to accuse Detroit of "stonewalling" and "getting into a bunker mentality" when it comes to providing vehicles with better fuel economy. Dianne Feinstein, Dick Durbin, Olympia Snowe, and Lincoln Chafee are sponsoring a bill they call "Ten ...

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