Filed under: Earnings/Financials, Government/Legal, Chrysler, GM, United States

The final tally on the cost of the US auto industry bailout is in. With the recent sale of shares of Ally Financial, the Feds invested $79.69 billion to keep GM, Chrysler and their financing divisions afloat and recouped $70.43 billion - a net loss of $9.26 billion. However, in the government's official numbers it lost $16.56 billion because the smaller number factored in interest and dividend payments. The total was still far less red ink spilled than some estimates predicted.Continue reading Auto bailout cost the US goverment $9.26B

Auto bailout cost the US goverment $9.26B originally appeared on Autoblog on Tue, 30 Dec 2014 16:32:00 EST. Please see our terms for use of feeds.



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