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The company ended the third quarter of the year with cash reserves of $16 billion, but it estimates that it should have at least $11 billion on hand to maintain its operations. Without a federal loan, GM expects its cash reserves to fall to $10.1 billion by year's end and to fall to $3.6 billion by February. [citation needed]
The U.S. auto industry was profitable in every year since 1955, except those years following U.S. recessions and involvement in wars. U.S. auto industry profits suffered from 1971 to 1973 during the Vietnam War, during the recession in the late 1970s which impacted auto industry profits from 1981 to 1983, during and after the Gulf War when ...
The car used in the movie was a BMW. 2 Fast 2 Furious (2003), sequel of The Fast and the Furious (2001). Transporter 2 (2005), sequel of The Transporter (2002), with the same concept but the car used in the movie is the new Audi A8 W12. Herbie: Fully Loaded (2005), sixth film in the Herbie series. Cars (2006), animated film by Pixar.
General Motors Corp. (GM) and Chrysler have received $17.4 billion in U.S. funds (so far), which they received only after much congressional teeth gnashing. Meanwhile, American International Group ...
The Presidential Task Force on the Auto Industry was an ad hoc group of United States cabinet-level and other officials that was formed by President Barack Obama to deal with the financial bailout of automakers Chrysler and General Motors.
Banks and the auto industry are getting them, and Americans could use one of their own, so it seems right that "bailout" is the 2008 Word of the Year at Merriam-Webster's online dictionary.
Woman Who Endured 4 Years of Captivity and Torture in Garage Speaks Out, as Harrowing Ordeal Becomes a Lifetime Movie. Elaine Aradillas. January 18, 2025 at 1:00 PM ... Days later, in the early ...
Until December 10, 2013, the U. S. Treasury recovered $39 billion from selling its GM stake. The final direct cost to the Treasury of the GM bailout was $11 [94]-12 billion ($10.5 billion for General Motors and $1.5 billion for former GM financing GMAC, now known as Ally). [95] Local tax incentives amounted to $1.7 billion, most of them in ...