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[sk47]

Ford definitely took money in 2007. 5.7 billion to be exact

They classified it as funding for EV R&D I believe.

Yeah and it was taken and repaid as a credit line, but to be clear they did 100% take money from the government

Hello; The way I recall the time GM and Chrysler got monies they did not have to repay. I knew the details more clearly at the time. Ford was the only one of the big three who did not get bailout monies. If such remains the case that is the distinction of importance, at least to me.
To me taking a loan, credit line if that fits better, which is paid back is not the same thing.
Anyway, I decided to not buy GM nor Chrysler (Stelantis (sp) now i guess) for long time and so far have not.

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[Pws6]

Hello; The way I recall the time GM and Chrysler got monies they did not have to repay. I knew the details more clearly at the time. Ford was the only one of the big three who did not get bailout monies. If such remains the case that is the distinction of importance, at least to me.
To me taking a loan, credit line if that fits better, which is paid back is not the same thing.
Anyway, I decided to not buy GM nor Chrysler (Stelantis (sp) now i guess) for long time and so far have not.

Every company had to repay based on stock performance

 

[GregO]

Every company had to repay based on stock performance

Old GM "Motors Liquidation Company" vs. New GM(Federally Owned "General Motors Company LLC")
Old GM defaulted.
The repayment is a wicked game of accounting practices, tax payers paid the bill via "TARP"

 

[sk47]

Every company had to repay based on stock performance

Hello; Not my understanding at the time. My recall at this late date is not without question but i do recall some Billions GM in particular did not have to repay. Not as sure about Chrysler but the lasting impression is they also got billions they did not have to repay.
May be that some monies were repaid as you mention but the lasting impression from nearly 20 years ago is of the three, Chrysler and GM took bailout monies and Ford did not.

I leave the next bit up to you. I do not wish to derail the thread over this, but am willing to learn if you want to go to the trouble to dig up the information. I suspect there were many twists and turns during the bail out times. Many programs and what you mention may have been one. There were other ways the monies were dealt with, some may support my contention. Others may support yours.

 

[Pws6]

Old GM "Motors Liquidation Company" vs. New GM(Federally Owned "General Motors Company LLC")
Old GM defaulted.
The repayment is a wicked game of Federal accounting practices, tax payers paid the bill via "TARP"

I don't know where you get that anyone defaulted, GM paid exactly what they were obligated to, just like Ford.

 

[K4fxd]

I think Chrysler got off the hook by being sold to Fiat, GM just got a wink and a handshake. It's paid. SMh

I don't remember Ford getting any bail out money

 

[GregO]

I don't know where you get that anyone defaulted, GM paid exactly what they were obligated to, just like Ford.

June 1, 2009: GM filed for Chapter 11 Bankruptcy,[7] the fourth largest filing in the United States history after Lehman Brothers, Washington Mutual, and Worldcom.[14] On June 29, 2009, General Motors announced that they would discontinue the NUMMI joint venture with Toyota.[87]

July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc"[1] purchased most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the United States Government.[50][61][88][89]

 

[Pws6]

June 1, 2009: GM filed for Chapter 11 Bankruptcy,[7] the fourth largest filing in the United States history after Lehman Brothers, Washington Mutual, and Worldcom.[14] On June 29, 2009, General Motors announced that they would discontinue the NUMMI joint venture with Toyota.[87]

July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc"[1] purchased most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the United States Government.[50][61][88][89]

Where does it say they defaulted? I didn't say they didn't declare bankruptcy. They completed payments in 2014

 

[GregO]

I think Chrysler got off the hook by being sold to Fiat, GM just got a wink and a handshake. It's paid. SMh

I don't remember Ford getting any bail out money

Ford took a Government loan of 5.9 billion but it was channeled through the Department of Energy and not TARP.

 

[engineermike]

What a shell game….

 

[Pws6]

June 1, 2009: GM filed for Chapter 11 Bankruptcy,[7] the fourth largest filing in the United States history after Lehman Brothers, Washington Mutual, and Worldcom.[14] On June 29, 2009, General Motors announced that they would discontinue the NUMMI joint venture with Toyota.[87]

July 10, 2009: A new company financed by the United States Treasury, "NGMCO Inc"[1] purchased most of the assets, and the trademarks of the General Motors Corporation. Vehicle Acquisition Holdings LLC then changed its name to "General Motors Company". The General Motors Corporation (old GM) in turn changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities. The new GM company, after the purchase of most of the assets of "old GM" is not a participant in the continuing bankruptcy proceedings of Motors Liquidation Company (Old GM). The "new GM" is mostly owned by the United States Government.[50][61][88][89]

once again, show me where they defaulted on the loan

https://abcnews.go.com/amp/WN/general-motors-repays-81-billion-government-loans/story?id=10437944

 

[K4fxd]

They completed payments in 2014

Maybe under "new math" LOL

 

[GregO]

Where does it say they defaulted? I didn't say they didn't declare bankruptcy. They completed payments in 2014

Again,
Old GM is dissolved, gone forever. It's all there to read, I'm not posting all the details.

 

[Pws6]

Again,
Old GM is dissolved, gone forever. It's all there to read, I'm not posting all the details.

And nobody is arguing that. New GM continued to pay off the debt, so I don't understand how you think that is relevant

 

[shogun32]

The General Motors Corporation (old GM) in turn changed its name to "Motors Liquidation Company" and it continued in bankruptcy proceedings to settle with its bondholders, and on other liabilities.

liabilities spells in large part pension obligations they stupidly agreed to with the Union. Oopsie, no more preposterous health premium and (future) pension obligations. But then they allowed themselves to be extorted into the most recent round of labor dispute. Way to Go!

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