Ford Motor Co.: No Bailout Money

January 2nd, 2009 • No Comments

Last month, when the Bush administration’s decision to redirect financial bailout money to General Motors and Chrysler was performed, Ford Motor Co. announced that they would not be needing the money; questions arise now about Ford’s liquidity and how recent Treasury decisions may affect the company. Continue reading ‘Ford Motor Co.: No Bailout Money.’

Federal Reserve Approves GM As Bank

December 24th, 2008 • No Comments

In a hugely controversial move between those who support the bailout, the Federal Reserve granted GM’s financial arm, the GMAC Financial Services division, access to the $700 billion bailout fund provided to financial industry corporations by declaring GMAC Financial Services to be a bank holding company. Continue reading ‘Federal Reserve Approves GM As Bank.’

White House to Offer Emergency Funds to Detroit

December 16th, 2008 • No Comments

The Bush administration announced Friday they would not allow General Motors Corp. (GM) and Chrysler to collapse, despite a Senate rejection of the $14 billion U.S. bailout bill. It is believed that the remainder of the Treasury Department’s Wall Street Bailout fund may be redirected to keep the automakers from filing for bankruptcy. Continue reading ‘White House to Offer Emergency Funds to Detroit.’

U.S. Senate Rejects Auto Bailout

December 12th, 2008 • 1 Comment

The $14 billion U.S. emergency bailout of the Detroit-based automakers failed to pass the senate vote, Thursday night, after a failed deal with the United Auto Workers’ union’s on the topic of accept wage cuts. Continue reading ‘U.S. Senate Rejects Auto Bailout.’