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Stories about: US Treasury

All Tesla Model 3 and Model Y Trims Qualify for a $7,500 Tax Credit After IRS Rule Change
All Tesla Model 3 and Model Y Trims Qualify for a $7,500 Tax Credit After IRS Rule Change

3 Feb 2023, 18:01 UTC · By: Cristian Agatie / The IRS has modified vehicle classification to match the EPA Fuel Economy Label, allowing all Tesla Model 3 and Y trims to qualify for the $7,500 tax credit

 
US Government to Sell Remaining GM Stock by End of 2013
US Government to Sell Remaining GM Stock by End of 2013

22 Nov 2013, 09:55 UTC · By: Ciprian Florea / The US Treasury Department plans to sell its remaining shares of General Motors by the end of the year, according to a statement that was released earlier this week. After selling $1.2 billion wo...

 
US Treasury Sells More GM Stock, Cuts Stake to 7.3%
US Treasury Sells More GM Stock, Cuts Stake to 7.3%

19 Sep 2013, 12:19 UTC · By: Ciprian Florea / The US Treasury has reduced its stake in General Motors to only 7.3 percent and has recovered $35.4 billion of $51 billion invested in the company back in 2009, the government said in a report. A...

 
GM Stock Worth $877 Million Sold by US Treasury
GM Stock Worth $877 Million Sold by US Treasury

14 Aug 2013, 13:53 UTC · By: Ciprian Florea / The US government has sold another piece of its stake in General Motors last month as it moves to exit its investment in the company by early 2014. In a report to Congress earlier this week, the ...

 
US Could Sell Remaining GM Stake Sooner than Expected
US Could Sell Remaining GM Stake Sooner than Expected

27 Jan 2011, 13:01 UTC · By: Mihnea Radu / The US Treasury could sell its remaining share in General Motors by the end of next year, according to an Obama administration official’s statement, much sooner than was originally expected. A...

 
GM to Repay Loan in Full This Year
GM to Repay Loan in Full This Year

26 Mar 2010, 08:09 UTC · By: Daniel Patrascu / In a news which will somewhat upset those hoping GM will not be able to repay the loans it received last year from the US government, the company's (still) CEO Ed Whitacre announced yesterday t...

 
GMAC Expects $5 Billion Q4 Loss
GMAC Expects $5 Billion Q4 Loss

6 Jan 2010, 16:23 UTC · By: Daniel Patrascu / Financial institution GMAC is bracing itself for a huge $5 billion loss for the fourth quarter of 2009 alone, despite the recent $3.79 billion received from the US Treasury. The news was confirmed b...

 
GMAC Gets $3.79Bn from the US Treasury
GMAC Gets $3.79Bn from the US Treasury

4 Jan 2010, 15:05 UTC · By: Daniel Patrascu / Following several months of uncertainty and one change in management, GMAC Financial Services announced it has received an infusion of $3.7 billion from the US Treasury, in the form of capital actio...

 
GM, IPO in the Making
GM, IPO in the Making

3 Nov 2009, 14:31 UTC · By: Daniel Patrascu / As the US is trying to exit the automotive industry it entered earlier this year, rumors surrounding a possible initial public offering (IPO) for the state's shares in GM and Chrysler become mo...

 
GMAC Wants More US Funding
GMAC Wants More US Funding

28 Oct 2009, 13:20 UTC · By: Daniel Patrascu / For the third time in the last year, GMAC Financial Services is looking to secure US funding in an effort to raise its capital. The talks between GMAC and the US Treasury were confirmed by a White H...

 
Auto Execs to Get Treasury Pay Cuts
Auto Execs to Get Treasury Pay Cuts

22 Oct 2009, 07:24 UTC · By: Daniel Patrascu / The top management of several US companies and banks, including GM, Chrysler (together with their financial arms) and other five groups which received government bailouts this year (Citigroup, Bank ...

 
US Treasury to Audit Dealership Closures
US Treasury to Audit Dealership Closures

24 Sep 2009, 12:31 UTC · By: Daniel Patrascu / The lack of progress in reaching an agreement between the two former bankrupt American manufacturers, GM and Chrysler, and the dealerships they chose to terminate has not only caused the House to re...