The Role of TARP Assistance in the Restructuring of General Motors PDF Download
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Author: Bill Canis
Publisher:
ISBN: 9781457840524
Category :
Languages : en
Pages : 18
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Book Description
Author: Bill Canis
Publisher:
ISBN: 9781457840524
Category :
Languages : en
Pages : 18
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: James S. Kousakis
Publisher: Nova Science Publishers
ISBN: 9781619420724
Category : Automobile industry and trade
Languages : en
Pages : 0
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Book Description
Substantial federal assistance allowed GM and Chrysler to restructure their costs and improve their financial condition. Through federally-funded restructuring, GM and Chrysler reported lowering production costs and capacities by closing or idling factories, laying off employees, and reducing their debt and number of vehicle brands and models. These changes enabled both companies to report operating profits and reduce costs enough to be profitable at much lower sales levels than ever before. Nevertheless, to remain profitable, both companies must manage challenges affecting both their costs, including debt levels, and vehicle demand, such as launching products that are attractive to consumers amid rising fuel prices. This book examines the role of TARP assistance in the restructuring of the U.S. motor vehicle industry with a focus on unwinding the government stake in GMAC and Chrysler.
Author: Stephen Cooney
Publisher: DIANE Publishing
ISBN: 1437939279
Category : Business & Economics
Languages : en
Pages : 53
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Book Description
This is a print on demand edition of a hard to find publication. In 12/08, Pres. George W. Bush provided financial assistance to GM and Chrysler -- $13.4 billion to GM and $4 billion to Chrysler from the Troubled Assets Relief Program (TARP). Ford did not need such assistance immediately but might require a line of credit in 2009. A further $6 billion was loaned to GM Acceptance Corp. (GMAC), and $1.5 billion to Chrysler Financial, the two manufacturers¿ respective credit affiliates. Contents of this report: Intro.; Auto Industry Loan Develop. in 12/08; Impact on the National Economy; The Domestic Motor Vehicle Market; Financial Issues in the Auto Industry; Financial Solutions: Bridge Loans and Restructuring; Pension and Health Care Issues; Stipulations and Conditions on TARP Loans to the Auto Industry.
Author:
Publisher:
ISBN:
Category : Automobile industry and trade
Languages : en
Pages : 38
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Author: Elizabeth Warren
Publisher: DIANE Publishing
ISBN: 1437923690
Category : Transportation
Languages : en
Pages : 221
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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 164
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Author: A. Nicole Clowers
Publisher: DIANE Publishing
ISBN: 1437986080
Category : Business & Economics
Languages : en
Pages : 59
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Book Description
Since Dec. 2008, the Dept. of the Treasury (Treasury) has committed $62 billion in Troubled Asset Relief Program (TARP) funding to General Motors (GM) and Chrysler. This report addresses: (1) how restructuring with federal assistance has affected GM¿s and Chrysler¿s financial condition; (2) what Treasury has done to ensure that it dis-invests in GM and Chrysler so as to protect taxpayers¿ interests and what risks remain in recouping its investments; and (3) how restructuring has affected auto communities and what the White House Council on Auto Communities and Workers have done to mitigate these effects. Includes recommendations. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
Author: Gene L. Dodaro
Publisher: DIANE Publishing
ISBN: 1437924905
Category : Business & Economics
Languages : en
Pages : 41
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Book Description
The Dept. of the Treasury (Treasury) provided $81.1 billion in Troubled Asset Relief Program (TARP) aid to the U.S. auto industry, including $62 billion in restructuring loans to Chrysler Group LLC and General Motors (GM). In return, Treasury received 9.85% equity in Chrysler, 60.8% equity and $2.1 billion in preferred stock in GM, and $13.8 billion in debt obligations between the two companies. This report addresses: (1) steps Chrysler and GM have taken since Dec. 2008 to reorganize; (2) Treasury¿s oversight of its financial interest in the companies; and (3) considerations for Treasury in monitoring and selling its equity in the companies. Includes recommendations. Charts ad tables.
Author: Elizabeth Warren
Publisher: DIANE Publishing
ISBN: 1437930808
Category : Business & Economics
Languages : en
Pages : 170
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Book Description
