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US Treasury Lend GM Additional $2B

By Auto Bots at 04/25/09 08:37

The US Treasury lend an additional $2 Billion ot General Motors this week. This being said, the total money the government has given to GM has reached a whopping $15.4 billion. GM confirmed they received the loan last Tuesday.

All in all, the Treasury has already handed a total of $26.8 billion in their Automotive Industry Financing Program (AIFP). Part of it is the $5.5 billion loaned to Chrysler and the $5 billion loan for GMAC.

Read more: US Treasury Lend GM Additional $2B [click]

Tags: general motors bankruptcy • us automotive loans • treasury car loans • gm restructuring •
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us automotive loans Archives: • April, 2009 •



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