Bailout

Barack Obama: Once more, to the victory podium

12:01 am U.S. ET | Jan. 25, 2016

President Obama's Jan. 20 visit to Detroit included a tour of the auto show and a speech at the UAW-GM headquarters. In text, tone and staging, it was a replay of the message Obama has been delivering for nearly six years at auto plants around the country....
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Obama takes one more Detroit victory lap

3:49 pm U.S. ET | Jan. 20, 2016

President Barack Obama, facing Republican criticism over the state of the economy, did another Detroit victory lap Wednesday to showcase the auto companies his administration helped save, but the industry has not turned out the way he hoped in 2009....
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Obama plans to attend Detroit auto show, touts bailout's success

9:22 am U.S. ET | Jan. 9, 2016

President Barack Obama, who has taken several victory laps to celebrate the successful U.S. bailout of GM and Chrysler in 2009, is planning to attend the 2016 Detroit auto show....
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Latest Greek drama threatens frail auto sales recovery in Europe

12:01 am U.S. ET | July 13, 2015

A fragile recovery in Europe's auto market could be undermined by Greece's chaotic last-ditch attempt to secure a bailout before its economy implodes....
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Greek sales slide amid broader European rebound

July 7, 2015 10:35 CET

New-car sales in Greece fell 22 percent last month, the sharpest drop of any western European car market, amid political uncertainty. Registrations across the region rose 14 percent to 1.31 million as the UK, Germany, France and Spain delivered double-digit percentage gains....
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Fiat Chrysler, PSA could be at risk from Greek euro turmoil

July 6, 2015 16:52 CET

Industry watchers say a Greek exit from the euro after the country's no vote to austerity terms could impact southern European markets, along with Fiat Chrysler and PSA/Peugeot-Citroen, the automakers most exposed to those markets....
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Greek exit from euro could bring stability, German auto lobby group says

July 1, 2015 09:54 CET

Germany's auto industry lobby group, the VDA, believes a Greek exit from the eurozone may be necessary despite the setback this may bring for Europe's fragile recovery in new-car sales. Automakers are monitoring the potential effects on capital markets and exchange rates if Greece leaves the European single currency – dubbed Grexit....
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Canada to sell final 73.4 million GM shares

6:34 pm U.S. ET | April 6, 2015

Canada's federal government agreed to sell its 73.4 million shares in General Motors, ending the country's financial ties following the company's 2009 bailout. The transaction will be complete by April 10, Canada said....
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PSA's blue-chip index comeback may spur recovery

March 6, 2015 10:40 CET

PSA will return to France's benchmark CAC-40 index, stock market operator Euronext said, delivering a likely boost to the carmaker as it emerges from a prolonged European sales slump and bailout....
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