Bailout

GM's Akerson: 'We had to right the ship'

3:22 pm U.S. ET | Dec. 10, 2013
In the 39 months since Dan Akerson volunteered to be General Motors' CEO during a board meeting, the automaker has earned about $16 billion. Akerson, a former telecommunications executive and Navy lieutenant prone to using maritime metaphors, acknowledged he knew little about cars when he arrived in Detroit. He was appointed to GM's board in July 2009....
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U.S. sells last of GM shares, ending 'Government Motors' era

Dec. 10, 2013 06:01 CET
The U.S. Treasury sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers....
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Study: GM, Chrysler bailouts generated 8-to-1 savings

1:18 pm U.S. ET | Dec. 9, 2013
Taxpayers are likely to lose nearly $14 billion on the bailouts of General Motors and Chrysler, but an analysis released today by the Center for Automotive Research says the intervention should still be seen as a success....
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U.S. sells last of GM shares, ending 'Government Motors' era

4:22 pm U.S. ET | Dec. 9, 2013
The Treasury on Monday sold its last shares of General Motors stock, ending more than four years of government ownership in the nation's largest automaker at a loss of about $10.5 billion to U.S. taxpayers. The government said in a statement that it recouped $39 billion of its original $49.5 billion investment into GM. Company executives and dealers say that the stigma of federal ownership, which earned GM the derisive nickname “Government Motors,” has hurt sales....
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Buffett: Auto bailout was the right move

12:01 am U.S. ET | Dec. 2, 2013
Investment demigod Warren Buffett says the auto bailout crew got it right....
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GM's new problem: Too much dough

12:01 am U.S. ET | Dec. 2, 2013
General Motors executives bristled at the nickname Government Motors after the government bailed out the company in 2009 and owned a large chunk of GM stock....
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GM investors expect buybacks, dividend after U.S. exit

3:06 pm U.S. ET | Nov. 25, 2013
General Motors investors are focused on the possibility of stock buybacks or a dividend on common shares now that the Treasury has outlined its plans to sell the rest of its GM stake by year end, analysts said....
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U.S. plans to sell remaining 31.1 million GM shares by year end

9:50 am U.S. ET | Nov. 21, 2013
The Treasury Department said it expected to sell its remaining 31.1 million shares of General Motors by the end of the year, a plan that may leave taxpayers with a shortfall of about $10 billion on the automaker's 2009 bailout....
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GABE NELSON

For some, the jury's still out on the auto rescue

12:01 am U.S. ET | Nov. 17, 2013
Was saving General Motors and Chrysler worth the taxpayer dollars spent? That's the question pundits and politicians tend to focus on as they begin filling out their final scorecards on the auto industry bailout....
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GM shares sold for $1.2 billion by U.S. government in October

6:29 am U.S. ET | Nov. 13, 2013
The U.S. Treasury Department said net proceeds of its sales of General Motors shares totaled about $1.2 billion last month as the government winds down its investment in the automaker....
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How the new GM was born: Alix's version

12:01 am U.S. ET | Nov. 4, 2013
Ousted General Motors CEO Rick Wagoner is cast in a sympathetic light in corporate turnaround specialist Jay Alix's breathless first-person account in Forbes of how the plan to restructure GM took shape in 2008 and 2009....
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U.S. now expects to lose $9.7 billion on GM stock

12:11 pm U.S. ET | Oct. 29, 2013
The Treasury now expects to lose $9.7 billion selling the General Motors stock it received in 2009 after its bailout of the automaker....
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Special Report
How #1 store scores with employees

How #1 store scores with employees

Texas dealer Greg May encourages staffers to provide input and solve problems on their own. Mon., October 20
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