Bailout

GM CEO sees greater 'bandwidth' for paying dividends in 2014

4:55 pm U.S. ET | Dec. 16, 2013
General Motors, with improved cash flow and fewer outstanding preferred shares, is in a better position to consider paying a dividend next year, CEO Dan Akerson said....
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Ford 'lifers' get second chance as CEO readies exit

1:59 pm U.S. ET | Dec. 16, 2013
The view from inside Ford, and of people close to the company, is that the management team CEO Alan Mulally groomed is now ready for his exit. COO Mark Fields, 52, is widely expected to take over as CEO. After more than seven years at Ford's helm, Mulally is closely identified with the company's ability to avoid the 2009 federal bailouts, but the challenges ahead for Ford are still significant, analysts said....
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Incoming GM CEO Barra seen as winner early in career

Dec. 11, 2013 10:44 CET
Until two years ago, Mary Barra, who was named as incoming GM CEO, was little known outside the automaker. But her rapid rise inside the company was signaled more than a decade ago....
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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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