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Subsidy Tracker Individual Entry

Company: General Motors
Parent Company: General Motors
Subsidy Source: federal
State in Which Facility Is Located: Michigan
Year: 2008
Major Industry of Parent: motor vehicles
Specific Industry of Parent: motor vehicles
Value of Loan, Loan Guarantee or Bailout Assistance: $49,500,000,000
Loan Value Notes: Loan amounts do not reflect repayments. See the original source for that information.
Program Name: Troubled Asset Relief Program (TARP) - Automotive Industry Financing Program
Awarding Agency: Treasury Department
Type of Subsidy: federal loan or loan guarantee
Source of Data: Page 117 of the October 29, 2014 Quarterly Report to Congress of the Office of the Special Inspector General for the Troubled Asset Relief Program; (click here)
Notes: In exchange for capital infusions, the federal government received GM common stock, which was later sold at a loss. See the source document for details.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.