GM to get another $5.4 billion on Jan. 16

Posted: Jan 06, 2009
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After getting its first round $4 billion in emergency federal loans, GM will receive a second installment of its government loan for $5.4 billion. The U.S. Treasury will hand over the second round of loans on Jan. 16th. That brings GM’s total to $9.4 billion.

According to Automotive News, the Treasury has agreed to lend General Motors another $4 billion. That loan will come from second $350 billion tranche of the $700 billion TARP total.

The U.S. Treasury said nothing about Chrysler receiving its second round of loans. Chrysler so far has received a total of $4 billion.


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  • Screwed American

    Cha-ching! Another round of handouts for these failures. 2.7b to keep the unions happy and another 2.7 for the Dick (wagoner).

  • Pat

    there will be more to come… i really dont have any hope for GM or Chrysler…Ford is another story

  • we're in deep shetz

    then maybe another 5 bil in Feb, 4.9 in Mar, 6 in Apr, 9 in May, 12 in Jun, 19 in Jul, 24 in Aug, 53 in Aug, 16 in Sep, 10 in Oct, 2 in Nov, and Mr. Dick decides to fill for chapter 11 in Dec and take all the bailouts and convert it to gold or another and and fled to Netherlands.

  • Screwed American

    Cha-ching! Another round of handouts for these failures. 2.7b to keep the unions happy and another 2.7 for the Dick (wagoner).

  • Pat

    there will be more to come… i really dont have any hope for GM or Chrysler…Ford is another story

  • we're in deep shetz

    then maybe another 5 bil in Feb, 4.9 in Mar, 6 in Apr, 9 in May, 12 in Jun, 19 in Jul, 24 in Aug, 53 in Aug, 16 in Sep, 10 in Oct, 2 in Nov, and Mr. Dick decides to fill for chapter 11 in Dec and take all the bailouts and convert it to gold or another and and fled to Netherlands.