3 Feb 2023, 18:01 UTC · By: Cristian Agatie / The IRS has modified vehicle classification to match the EPA Fuel Economy Label, allowing all Tesla Model 3 and Y trims to qualify for the $7,500 tax credit
22 Nov 2013, 09:55 UTC · By: Ciprian Florea / The US Treasury Department plans to sell its remaining shares of General Motors by the end of the year, according to a statement that was released earlier this week. After selling $1.2 billion wo...
19 Sep 2013, 12:19 UTC · By: Ciprian Florea / The US Treasury has reduced its stake in General Motors to only 7.3 percent and has recovered $35.4 billion of $51 billion invested in the company back in 2009, the government said in a report. A...
14 Aug 2013, 13:53 UTC · By: Ciprian Florea / The US government has sold another piece of its stake in General Motors last month as it moves to exit its investment in the company by early 2014. In a report to Congress earlier this week, the ...
27 Jan 2011, 13:01 UTC · By: Mihnea Radu / The US Treasury could sell its remaining share in General Motors by the end of next year, according to an Obama administration official’s statement, much sooner than was originally expected. A...
26 Mar 2010, 08:09 UTC · By: Daniel Patrascu / In a news which will somewhat upset those hoping GM will not be able to repay the loans it received last year from the US government, the company's (still) CEO Ed Whitacre announced yesterday t...
6 Jan 2010, 16:23 UTC · By: Daniel Patrascu / Financial institution GMAC is bracing itself for a huge $5 billion loss for the fourth quarter of 2009 alone, despite the recent $3.79 billion received from the US Treasury. The news was confirmed b...
4 Jan 2010, 15:05 UTC · By: Daniel Patrascu / Following several months of uncertainty and one change in management, GMAC Financial Services announced it has received an infusion of $3.7 billion from the US Treasury, in the form of capital actio...
3 Nov 2009, 14:31 UTC · By: Daniel Patrascu / As the US is trying to exit the automotive industry it entered earlier this year, rumors surrounding a possible initial public offering (IPO) for the state's shares in GM and Chrysler become mo...
28 Oct 2009, 13:20 UTC · By: Daniel Patrascu / For the third time in the last year, GMAC Financial Services is looking to secure US funding in an effort to raise its capital. The talks between GMAC and the US Treasury were confirmed by a White H...
22 Oct 2009, 07:24 UTC · By: Daniel Patrascu / The top management of several US companies and banks, including GM, Chrysler (together with their financial arms) and other five groups which received government bailouts this year (Citigroup, Bank ...
24 Sep 2009, 12:31 UTC · By: Daniel Patrascu / The lack of progress in reaching an agreement between the two former bankrupt American manufacturers, GM and Chrysler, and the dealerships they chose to terminate has not only caused the House to re...