2010 Marketer of the Year award goes to Ford
Ford Motor Co.’s decision to turn down the Troubled Asset Relief Program in 2008 was considered risky back then but now, it is turning out to be one of the wisest moves the carmaker has... Read more
GM properly used escrowed cash for the U.S. loan payment
As you may know already, GM repaid its $4.7 billion in U.S. loans last week but, according to a Treasury Department official said in responding to complaints from a Republican senator,... Read more
GM repaid its $4.7 billion federal loan this week with other U.S. funds
A Republican senator describes General Motors Co.'s act of repaying its $4.7 billion federal loan to be nothing other than a "money shuffle." An auditor's report was cited by Sen. Charles... Read more
Finally! GM and Chrysler receive $17.4 billion in loans
The American President, George W. Bush, announced this morning that the US government has agreed to extend $17.4 billion in loans to the struggling car manufacturers of Detroit. The cash... Read more
GMAC Financial Services is likely to be taxed
GMAC Financial Services will most likely be asked to pay a fee under a new Obama administration proposal to impose a levy on US banks to recoup bailout money. General Motors Co. and... Read more
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