Relevant:
- It's a Done Deal: Bush Approves $25 Billion Loan Package for Automakers
- General Motors Corp., Ford Motor Co., Chrysler LLC and U.S. auto-parts makers are seeking $50 billion in government-backed loans, double their initial request, to develop and build more fuel-efficient vehicles.
- Uses for $700 billion bailout money ever shifting
- Bill to Speed Loans Appears to Be Auto Makers' Top Prospect
- GM proposes to pay CEO $11.1 million in '13 From The Detroit News: http://www.detroitnews.com/article/20130225/AUTO0103/302250430#ixzz2M0ldJBWG
2008-10-28 — blogspot.com
"The Department of Energy is working to release $5 billion in loans to General Motors Corp. ... The funds would come from a pool of $25 billion in low-interest loans approved by Congress to help Detroit retool its plants to meet new fuel-efficiency standards. It's not clear how quickly the money could be made available or whether it would come with strings attached."
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