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; http://www.sigtarp.gov/Quarterly%20Reports/October_29_2014_Report_to_Con...

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.