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$266.9 billion Amount the Treasury Department has disbursed from the $700 billion financial rescue program, according to an announcement Thursday ...more
January 9, 2009
It was an awful December for carmakers, but the fortunes were most terrible for Chrysler LLC, which said Monday that sales plunged 53 percent. ...more
January 6, 2009
GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors financing incentives, as part of the complex deal that gave the troubled lender billions in federal aid. ...more
January 3, 2009
The head of General Motors said that at least five plants will close, even with the bail-out money. ...more
January 3, 2009
Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money. ...more
December 28, 2008
General Motors Corp. said Friday that it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand. ...more
December 13, 2008
A bailout plan designed to force General Motors, Chrysler and Ford to become more financially viable without risking too much taxpayer money was submitted to the White House on Monday. Here's a look at the plan: ...more
December 9, 2008
Rick Matthews doesn't want folks calling it a bailout. ...more
December 5, 2008
Alex Billos of New Port Richey offers his observations on the current financial turmoil. ...more
December 3, 2008
November's U.S. vehicle sales at General Motors and Chrysler plunged more than 40 percent, and Ford's sales dropped 31 percent, crushing hopes that the industrywide drop in vehicle demand might be easing as the U.S. automakers prepare to state their second case for a federal bailout. ...more
December 3, 2008
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