Automotive Industry Financing Program

Loans to the Auto Industry

actually invested, loaned, or spent
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.

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The following list shows the 4 recipients of Automotive Industry Financing Program.

Name State Date Entered Disbursed by AIFP Returned to AIFP
General Motors Mich. Dec. 29, 2008 $50,744,648,329 $39,436,410,235
Chrysler Mich. Jan. 2, 2009 $10,748,284,222 $9,535,435,217
GMAC (now Ally Financial) Mich. Dec. 29, 2008 $16,290,000,000 $19,347,502,589
Chrysler Financial Services Mich. Jan. 16, 2009 $1,500,000,000 $1,525,367,458

See the list of all initiatives and programs

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