A liberal think tank with close ties to the Obama administration took money from General Motors and other businesses without disclosing that fact as it publicly campaigned for policies benefitting those companies.
Former Montana Gov. Brian Schweitzer won a seat on the board of a major mining company on May 2 and will now benefit from a deal he brokered on behalf of the company as the state’s Democratic governor.
GM is recalling 38,197 2012 and 2013 model cars with eAssist hybrid powertrains, the Wall Street Journal reports.
The Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector, the department said on Monday.
A trade agreement that has garnered broad support from a diverse array of organizations in the United States has drawn staunch opposition from labor unions and congressional Democrats.
General Motors CEO Dan Akerson refused to comment on the failed lawsuit negotiations that could imperil the company’s future after a closed door meeting with lawmakers on Capitol Hill.
General Motors CEO Daniel Akerson will roll up to Capitol Hill in a flashy new Corvette Stingray to sell lawmakers on the company’s prosperity less than 24 hours after settlement talks fell apart in a lawsuit that could undo the bailout.
Taxpayers now own a little less of General Motors. The U.S. Treasury sold $489.9 million in GM shares in the month of February, the Treasury Department has reported to Congress.
General Motors has flooded financial markets with auto-backed securities in an effort to offload its risky subprime loans onto banks, which is a strategy that industry insiders say could produce a bubble.
Bailout recipient General Motors leads the world in car sales thanks in part to subprime auto lending that may cause a fiscal calamity, financial and auto industry observers fear.