April 24, 2024
Chrysler General Motors

President Obama stated the auto industry bailout was paid off

President Barack Obama said that the bailouts that the government funded for the American automotive industry had paid off. The announcement made it to the public via the president’s Web address last Saturday.

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General Motors

General Motors and their money

According to an announcement made today by Ed Whitacre, CEO of General Motors, the company has payed back the government loans in full today. The sum sent by GM to the US Treasury and Export Development Canada comes to a total of 5.8 billion dollars.

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