U.S. Treasury

Fiat Buys Out The Feds, Becomes Majority Owner Of Chrysler
Fiat Buys Out The Feds, Becomes Majority Owner Of Chrysler

It's hard to believe that two years have passed since Chrysler's Chapter 11 hearings concluded (next Friday is the grim anniversary). Now, the automaker is preparing to begin a new chapter -- one with Fiat fully at the helm: Chrysler announced yesterday that Fiat will buy out the U.S. government's...Read More»

Chrysler headquarters
BREAKING: Chrysler To Repay U.S., Canadian Loans By June 30

Yesterday, we told you that Chrysler was on the brink of announcing a plan to repay its debts to governments of Canada and the U.S. Now, they've gone and done it: according to a Chrysler press release issued this morning, the repayment will officially take place sometime between now and June 30...Read More»

General Motors Renaissance Center, Detroit, Michigan
Things To Know About General Motors' IPO

General Motors' initial public offering is just a few weeks away, and the company is expected to make some announcements today that should be of interest to investors, analysts, and car fans. Here are a few details, some of which we already knew, and some of which have leaked out in advance of GM's...Read More»

Edward E. 'Ed' Whitacre, Jr.
General Motors Goes Public About Going Public

A little over a year ago, General Motors was split in two: stockholders were left with shares in "Old GM", known officially as "Motors Liquidation Company" -- currently trading around $.41 -- while "New GM", now known as "General Motors Company" became a privately held enterprise owned by a range...Read More»

Fritz Henderson, GM CEO
Fritz Henderson Loses $310,000, Calls It 'Fair'

The Treasury Department made headlines last week when it announced that bigwigs at bailed-out companies would be taking some sizable pay cuts. From banks to auto companies, many of those affected by the plan have remained silent, but General Motors' Fritz Henderson has now admitted that it's the...Read More»

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