Automotive Industry Financing Program
Loans to the Auto Industry
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We're tracking where the bailout money is going. Our lead bailout reporter – and blogger – is ProPublica's . Lead developer is .
- Our frequently updated database tracks every dollar. In the scorecard, we provide a summary generated from the latest numbers.
- Our bailout recipient list tracks the companies to which Treasury has committed money.
A program under the Emergency Economic Stabilization Act
4 recipients
$81.34 billion promised
$79.28 billion actually invested, loaned, or spent
More info from www.treasury.gov
In mid-December of 2008, the Bush administration stepped in to lend General Motors and Chrysler billions to prevent impending bankruptcy. Subsequently, the Obama administration kept the two companies afloat as they filed for bankruptcy protection. See below for details on outstanding loans to each company.
More info from www.treasury.gov
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The following list shows the 4 recipients of Automotive Industry Financing Program.
| Name | State | Date Entered | Amount Committed by AIFP | Amount Returned to AIFP | Total Bailout Commitment |
|---|---|---|---|---|---|
| Chrysler | Mich. | Jan. 2, 2009 | $12,810,284,222 | $7,256,590,642 | $12,810,284,222 |
| Chrysler Financial Services | Mich. | Jan. 16, 2009 | $1,500,000,000 | $1,500,000,000 | $1,500,000,000 |
| General Motors | Mich. | Dec. 29, 2008 | $50,744,648,329 | $22,853,330,885 | $50,744,648,329 |
| GMAC (now Ally Financial) | Mich. | Dec. 29, 2008 | $16,290,000,000 | $2,667,000,000 | $16,290,000,000 |