Topic “General Motors”
Lawmaker Calls GM Payment Misleading
By John D. Mckinnon
The Wall Street Journal
A top Republican senator said General Motors' announcement this week that it will repay its federal loans early is "nothing more than an elaborate TARP money shuffle."
Read the entire story ยปWill taxpayers be on the hook for corporate misconduct?
March 5, 2010
Another plant closing, another distressed pension plan abandoned by the private sector. As the Detroit Free Press recently reported, Toyota is shuttering a former joint-venture plant with GM in Fremont, Calif., leaving behind $131 million in unfunded pension liabilities and 5,800 United Auto Workers in the lurch.