That Old Auto Bailout Just Got a Little Pricier
Tweet
Share
E-mailGet Alerts GM Hot Sheet
Price: $76.00 +0.64%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: -0.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.9%
Revenue Growth %: -0.7%
Join SI Premium – FREE
The Treasury Department said today that the auto bailout will cost taxpayers $3.4 billion more than previously estimated. That takes the total price tag for the auto bailout to $25.1 billion from $21.7 billion.
So far the treasury has reclaimed approximately half of the grants and loans given to GM (NYSE: GM), Chrysler, and various suppliers, according to reports.
So far the treasury has reclaimed approximately half of the grants and loans given to GM (NYSE: GM), Chrysler, and various suppliers, according to reports.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ford CEO calls for penalties for U.S. automakers relying on imports
- Citi raises US light vehicle sales forecast for 2026
- Stellantis U.S. sales rise 5% in first half of 2026
Create E-mail Alert Related Categories
Insiders' BlogRelated Entities
Chrysler LLCSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
