-
Recent Posts
- American Axle – UAW Demands Released Before Contract End
- J.D. Power – Dealer Service Satisfaction High, But…
- Legal Tariffs – Detroit Diesel to Add Third Shift, Recall Laid Off Workers
- Porsche AG Reorganization 2.0 or The New Strategy 2035
- Hit-And-Run Crashes at Record High
- Honda Heritage Parts Program Debuts
- IndyCar – Freedom 250 to Run Past U.S. Capital
- Instrument Panel Display Failures – Honda, Acura Recalls
- Ford Recalls 850,000 Bronco, Edge SUV Rear View Cameras
- Ford Recalls Escape, Explorer, Lincoln Aviator, Corsair SUVs
- Silverado and GMC HD Pickups Recalled for Sudden Stalling
- IndyCar Phoenix – Newgarden Wins Good Ranchers 250
- Windshield Wiper Failures – Ford Motor Recalls 605,000 SUVs
- Jeep Wrangler Finally Fixes Crash-Test Tipping
- Acura and Honda to Export U.S. Made Vehicles to Japan
Recent Comments
- Autocrat on Stellantis Subordinated Perpetual Hybrid Bonds on Stellantis Posts Full Year 2025 Loss of €22.3B
- Michigan Governor Whitmer on Pew – Confidence in Trump Dips, Fewer Support His Policies
- Porsche Motorsport Daytona Victory on Daytona 24 Hours – Old and New Stars Getting Ready to Run
- UAW Ford Department Director VP Laura Dickerson on Trump's Ford Plant Visit on Whitmer Stands in Stark Contrast to Trump at Detroit Auto Show
- Ken Zino on Ford Fuel Injector Leak Recall Now at ~694,000
Archives
Meta
Tag Archives: bailouts
Detroit Lobbyist John Bozzella Joins Offshore Auto Trade Group
Private equity firm Cerberus placed a large bet during Bozella’s Chrysler tenure by buying controlling interest in Chrysler from Daimler. Prior to that, it bought 51% ownership of GMAC, the financing arm of General Motors. These bets ultimately failed when Chrysler entered bankruptcy in 2009. Both GMAC and GM went into bankruptcy as well. Continue reading
Posted in people
Tagged autoinformed, autoinformed.com, bailouts, cerberus, chrysler fiat, Ken Zino, nardelli
Leave a comment
AIG Bailout of $182 Billion Paid Back. Taxpayers make at least $12B
The U.S. Department of the Treasury announced it is selling 553,846,153 shares of its American International Group (AIG) common stock at $32.50 per in a public offering. The proceeds to Treasury from the common stock sales are expected to be ~$18.0 billion. This means that the transaction locks in at least a $12.4 billion positive return on the $182 billion in Treasury and Federal Reserve loans and commitments to AIG. The bailout loan will be fully paid off in what remains an unpopular (but extremely effective) example of government intervention in a failed marketplace. Ideologues still refuse to admit that the TARP and associated government actions saved the U.S. and perhaps the global economy. It certainly – without question – saved the U.S. auto industry and this includes companies that received no loans. Continue reading
Posted in economy, fools 'n frauds, news, news analysis, people
Tagged aig, auto informed, autoinformed.com, automotive news, bailouts, Ken Zino, treasury
Leave a comment
