US Government Sells Final GM Stock, Loses $10 Billion
10 Dec 2013, 10:28 UTC · By: Ciprian Florea / The Treasury Department has sold off the last of its remaining shares in General Motors, recovering only $39 billion of the $49.6 billion it spent to save the Detroit manufacturer in 2009, costing t...
The Head of Daimler's Treasury Retires After 28 Years
27 Nov 2013, 16:59 UTC · By: Alex Oagana / It seems that Daimler AG is one of the very few companies out there where you can work almost your entire life, starting from being a teacher and over the years becoming the head of treasury. Tha...
Fiat to Pay $500M for US Stake in Chrysler
6 Jun 2011, 09:56 UTC · By: Daniel Patrascu / The road Italian manufacturer Fiat built on its own, the road that will soon land it full control over American car maker Chrysler is almost complete, following the announcement made on Monday that ...
Treasury Department Gains $11.7 Bn from GM's IPO
24 Nov 2010, 12:02 UTC · By: Andrei Costea / The US Treasury Department has received $11.7 billion following the sale of 358.5 million shares of stock in General Motors Co. Its stake shrunk to 37 percent from 61 percent after the IPO, and coul...
GM, GMAC Receive Money from US Treasury
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The United States Treasury Department today announced that it decided to pay nearly $5 billion for senior preferred equity, including an 8 percent dividend, from GMAC LLC, the financial division joi...
GM Buys Back Treasury Shares
29 Oct 2010, 06:38 UTC · By: Daniel Patrascu / Last year, American manufacturer GM became one of the preferred beneficiaries of the government's bailout money ($52 billion were poured into what appeared to be a bottomless pit). The carmaker...
GM IPO, in August
5 Jul 2010, 12:15 UTC · By: Daniel Patrascu / The shroud of uncertainty surrounding the moment when American manufacturer GM will make its initial public offering (IPO) is slowly coming off, as sources close to the matter begin leaking info. Wh...
GM's IPO to Sell 20% of US' Stake
24 Jun 2010, 10:31 UTC · By: Daniel Patrascu / As most of you already know, American manufacturer GM is preparing an initial public offering (IPO), sometime after the fourth quarter of the year. According to source close to the matter talking to...
GM IPO, Not Before Q4
14 Jun 2010, 10:40 UTC · By: Daniel Patrascu / The long-talked about initial public offering (IPO) planned by American manufacturer GM won't happen before the fourth quarter of the year, according to the US Treasury. In a statement released...
US Loses $1.6 Billion on Chrysler Loan
18 May 2010, 13:28 UTC · By: Daniel Patrascu / With American manufacturer GM getting the spotlight in recent weeks, the loans given last year by the US to GM's rival, Chrysler, have somewhat slipped the public eye. Until yesterday, that...
GM Repaid the US with US' Own Money, Senator Says
23 Apr 2010, 07:38 UTC · By: Daniel Patrascu / The five-year-ahead-of-schedule repayment of the federal loans received by GM last year has stirred, aside from the official "we're very pleased" position adopted by government offici...
Daimler Charged with Bribery
25 Mar 2010, 07:43 UTC · By: Daniel Patrascu / The bribery case involving German carmaker Daimler is moving to new levels, after the US Justice Department and the Securities and Exchange Commission decided to charge the carmaker with conspiracy ...
Chrysler Financial to Close by 2011
23 Oct 2009, 08:21 UTC · By: Daniel Patrascu / The US Treasury Department is hard at work in cleaning up the financial mess left behind by the crashing automotive industry in these past few months. The effects of the crisis have not only affecte...