Auto Industry Bailout, Auto Industry | featured news

A congressional panel says taxpayers' estimated loss is down from $40 billion, and the three biggest recipients of bailout funds are heading toward financial stability. But whether the entire investment is recouped remains to be seen.

General Motors on Wednesday finalized terms for a stock offering of about $13 billion to repay a controversial taxpayer-funded bailout and reduce the Treasury to a minority shareholder.

How long it takes for the government to divest its holdings in General Motors will, in part, be determined by the company’s success, G.M.’s chief executive said.

General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years, drawing the company closer to a stock offering that would repay at least part of its government aid....

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.

General Motors, which received $50 billion in taxpayer help, will begin paying back its debt to the U.S. and Canadian governments earlier than expected.

The deal between General Motors and the Obama administration solves a problem that could have troubled the company’s plan for quick restructuring.

The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it.

The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25 billion loan program to help develop fuel-efficient vehicles.

The government will likely hold a large share of G.M. after it emerges from bankruptcy, and the union will hold 17.5 percent through its health fund.