Fiat Pays U.S. Gov’t $560M For Final Stake in Chrysler

Fiat Pays U.S. Gov’t $560M For Final Stake in Chrysler
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Italian automaker Fiat purchased the U.S government’s remaining holdings in Chrysler today. Fiat paid $560 million to the Treasury Department for the government’s 98,000 shares. Fiat has run Chrysler since the American automaker emerged from bankruptcy protection in June 2009. The U.S government provided a total of $12.5 billion to Chrysler with the funds coming… Continue Reading...

GM Still Looking To Recoup Taxpayer Investment From Government

GM Still Looking To Recoup Taxpayer Investment From Government
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General Motors CEO Dan Akerson is looking forward to the day when he can relax on his yacht, sipping Mai Tais on the deck…and knowing full well that the federal government has finally sold its stake in GM, and has completely divulged itself from the company as it did with Chrysler. But it’s still a… Continue Reading...