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A European Ally
GM purchases portion of its former auto-lending outfit
General Motors (GM) last week started buying out Ally Bank’s auto lending operations in an effort to reverse months of lagging growth.
Tag: General Motors
General Motors is Alive—For Now
Creditor lawsuit could undo auto bailout, force GM into bankruptcy, analysts say
A backroom deal hatched by General Motors during the auto bailout to fulfill the Obama administration’s demand for a quick bankruptcy could be reversed, draining the automaker of nearly all of its cash on hand and leaving it in worse shape than it was when it collapsed in 2009.
Turner Criticizes Government Handling of Delphi Pensions
'That kind of inequity, where people were working together at the same company for years and have this disparate outcome is just wrong'
Obama Admin Avoiding GM Losses
WSJ: Campaign scared of multi-billion dollar bailout hit
The Obama administration has rebuked pleas from General Motors to sell off government shares to the automaker.
Cadillac Presents: Liberal Talking Points Live
GM signs sponsorship deal, remains in debt to the taxpayers
General Motors has moved in a decidedly more liberal direction since raking in a $50 billion government bailout from the Obama administration.
GM owes taxpayer money, bids in bank buyout
General Motors is attempting to buyout part of America’s worst performing bailout recipient, Ally Bank.
Fiat Built That
Obama Touts Success of European-owned Chrysler
President Barack Obama is championing the profits of a European-owned carmaker as proof the auto bailout worked.
Obama’s Outsourcing Allies
The president has a history of associating with outsourcers
President Barack Obama recently called Mitt Romney an “outsourcing pioneer”—a title once bestowed on General Electric and its CEO Jeffrey Immelt, key Obama allies.
VP Attacks Stimulus recipient for outsourcing
Vice President Joe Biden attacked outsourcing during a campaign event in Iowa on Tuesday, calling out General Motors, a company that received billions of dollars in stimulus funds.
GM Bails on Facebook
Car manufacturer General Motors announced that it will quit advertising on Facebook, citing poor returns as the main reason for ending the relationship.