Bailout breakdown Source Key Facts US Department of the Treasury Company

Bailout breakdown source key facts us department of

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Bailout breakdown (Source: " Key Facts ," U.S. Department of the Treasury.) Company Invested Sold For Profit/Loss Date Bailout Ended GM $51.0 billion $39.7 billion -$11.3 billion Dec. 9, 2013 GMAC (Ally) $17.2 billion $19.6 billion +$2.4 billion Dec. 18, 2014 Chrysler $12.5 billion $11.2 billion -$1.3 billion May 2011 TOTAL $80.7 billion $70.5 billion - $10.2 billion
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Success of Government Intervention Government lost 10.2 Billion in invested GM and Chrysler filed bankruptcy but did not cease production of brand Automotive Industry Finance Program created in January 2009 Energy efficient vehicle development fast-tracked
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Should Government Intervention Continue Treasury Department ended auto industry bailout on December 18, 2014
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Reference Arnadeo, K. (2017). Auto Industry Bailout (GM, Chrysler, Ford) . Retrieved from Goolsbee, A. D., & Krueger, A. B. (2015). A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler. Journal Of Economic Perspectives , 29 (2), 3-24. doi: House oversight and government reform subcommittee on regulatory affairs, stimulus oversight, and government spending hearing. (2011). (). Lanham: Federal Information & News Dispatch, Inc. Retrieved from McConnell, C., Brue, S., & Flynn, S. (2015). E conomics Principals, Problems, and Policies (20th ed.). Retrieved from The University of Phoenix eBook Collection database.
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