Companies: Auto Companies
In mid-December of 2008, Treasury Secretary Hank Paulson stepped in to lend General Motors and Chrysler billions to prevent impending bankruptcy. Billions more have gone out to GM’s and Chrysler’s financing arms in order to help consumers buy cars.
| Bailout Funds Outgoing | Bailout Funds, Incoming | ||||||||
| Name | Type | State | Total Committed |
Actually Disbursed |
Returned | Dividends | Warrants | Interest | Other Proceeds |
|---|---|---|---|---|---|---|---|---|---|
| Chrysler | Auto Company | MI | $12,810,284,222 | $10,748,284,222 | $7,256,590,642 | $401,022,059 | $0 | $770,241,883 | $1,005,367,901 |
| General Motors | Auto Company | MI | $50,744,648,329 | $50,744,648,329 | $22,853,330,885 | $231,039,239 | $0 | $463,121,362 | $0 |
| GM Supplier Receivables, LLC | Auto Company (Parts Supplier) | $290,000,000 | $290,000,000 | $290,000,000 | $0 | $0 | $65,403,673 | $0 | |
| Chrysler Receivables SPV LLC | Auto Company (Parts Supplier) | $123,076,735 | $123,076,735 | $123,076,735 | $0 | $0 | $49,671,126 | $0 | |