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Auto Company Auburn Hills 2009-04-08T15:29:27Z Chrysler's first loans came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. On April 30, 2009, Chrysler filed for Chapter 11 bankruptcy protection. As part of <a href="http://www.financialstability.gov/latest/tg_043009.html">the restructuring of the company</a>, the Treasury Department agreed to lend Chrysler up to $8 billion more and take an eight percent stake in the company. Chrysler finalized its alliance with Fiat and emerged from bankruptcy protection on June 10. Treasury will not recover its remaining outstanding investment in Chrysler. You can <a href="http://bailout.propublica.org/programs/3-automotive-industry-financing-program">see the full tally of the auto industry bailout here</a>. 93 false 42.655326 -83.232443 Chrysler MI 12810284222 10748284222 401022059.0 0 770241883 7256590642 2176631843 0 2012-05-07T16:32:09Z 48326
300 Renaissance Center
Auto Company Detroit 2009-04-08T15:29:29Z General Motors' first loans came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. On June 1, 2009, GM filed for Chapter 11 bankruptcy protection. As part of the restructuring, the U.S. government agreed to provide the company up to $30.1 billion more. In exchange, the U.S. received a 60.8 percent stake in the company when it emerged from bankruptcy protection about a month later. The remainder of GM’s equity stake was <a href=” http://www.gmreinvention.com/index.php/site/progress_reports/gm_363_asset_sale_approved_by_u.s._bankruptcy_court/”>divided</a> between the Canada and Ontario governments (11.7 percent), the UAW retiree trust (17.5 percent), and bondholders and other creditors (10 percent). On Nov. 16, 2010, General Motors began to sell its shares on the stock exchange. You can <a href="http://bailout.propublica.org/programs/3-automotive-industry-financing-program">see the full tally of the auto industry bailout here</a>. 233 false 42.3305028 -83.0388748 General Motors MI NYSE GM 50744648329 50744648329 231039238.51 0 463121362 22853330885 694160601 0 2012-02-27T22:52:38Z 48265
200 Renaissance Center
Financial Services Company Detroit 2009-04-08T15:29:29Z <p>GMAC's first aid came in mid-December of 2008, when Treasury Secretary Hank Paulson stepped in to rescue GM and Chrysler. You can <a href="http://bailout.propublica.org/programs/3-automotive-industry-financing-program">see the full tally of the auto industry bailout here</a>. It received further aid in 2009. The company was renamed Ally Financial in 2010. </P> <p>Treasury began the process of extricating itself from the investment in December of 2010, when it converted $5.5 billion of its preferred stock into common stock, leaving it with a common equity stake of 74 percent in Ally. Treasury did not say when it would begin selling off its stake.</p> gmacllc 236 true 42.329917 -83.040482 GMAC (now Ally Financial) MI NYSE GJM 11500000000 16290000000 16290000000 2603721882.11 0 0 2667000000 2603721882 0 2012-03-08T22:27:27Z 48265