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Auto Industry Bailout

The U.S. government lost $9.26 billion in its financial rescue of the auto industry, and closed out its last investment earlier this month six years after initiating the plan.

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GM Names Mary Barra CEO

General Motors has elevated Mary Barra as its new CEO to replace Dan Akerson, making her the first female to head a global automotive manufacturer.

Feds Sell Last Shares of GM Stock

The U.S. Department of the Treasury has sold off the remaining shares of General Motors stock, ending a five-year federal bailout of the automotive industry, the department announced Monday.

GM Asks U.S. Gov't for Funds to Build Hybrids

DETROIT – General Motors Corp. has asked for $2.6 billion of low interest government loans to support the development of three new hybrid vehicles, according to a business plan update released April 1.

White House Throws GM & Chrysler $17.4 Billion Financial Lifeline

WASHINGTON – In an early morning televised announcement, President Bush announced a plan to offer the struggling automakers $17.4 billion in short-term financing, $13.4 immediately available and another $4 billion likely available in February. But the plan comes with strict conditions.

Auto Industry Rescue Plan Dies in Senate

The Associated Press reported late Thursday night that bipartisan negotiations in Senate on a Republican version of the House-passed automotive industry bailout plan fell apart after the United Auto Workers balked at demands for dramatic wage cuts.

Don’t Let the Auto Industry Become Collateral Damage to the Credit Crisis

GM, Ford, and Chrysler will testify Dec. 5 before the House Financial Services Committee in an effort to secure a $25 billion emergency bridge loan. It is imperative that this emergency funding be approved. Failure to do so will have negative repercussions to the fleet management industry. Here's why.