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Energy Secretary Chu announced the loans to Ford employees in Detroit.. Advanced Technology Vehicles Manufacturing (ATVM) Loan Program is a $25 billion direct loan program funded by Congress in fall 2008 to provide debt capital to the U.S. automotive industry for the purpose of funding projects that help vehicles manufactured in the U.S. meet higher mileage requirements and lessen U.S ...
Nio Service is the company's network of service centers. [81] Nio Users can request a "pick-up-and-delivery" service for their car to the service center. Additionally, mobile service vehicles can carry out simple maintenance work on demand. [82]
According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]
US$20.05 billion (2023) Operating income. US$1.559 billion (2023) ... Delphi Automotive Systems, which itself was formerly a component of General Motors. [6] History
Through the Troubled Asset Relief Program, the United States Department of the Treasury invested $49.5 billion in General Motors and recovered $39 billion when it sold its shares on December 9, 2013, resulting in a loss of $10.3 billion. The Treasury invested an additional $17.2 billion into GM's former financing company, GMAC (now Ally ...
JM Family Enterprises, Inc. (JMFE) is a diversified automotive company, founded by automotive legend Jim Moran in 1968. It is ranked by Forbes as the 16th largest privately held company in the U.S. [ 3 ]
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