bailout

  • Payback (And IPO) Time For GM As Chevy Volt Wins Industry Accolades

    The 102-year-old car company General Motors (GM) is set to go public on Thursday after a government-forced bankruptcy and bailout in November 2008. The bailout cost taxpayers about $50 billion. Analysts estimate the stock price would need to hit $53 dollars before the government can recoup its investment. GM plans to sell about half-a-billion shares for $33 each in its IPO. The company stands… Read More

  • Tesla Motors needs a bailout, too

    Tesla Motors is discovering that it cannot build cars on hopes and dreams alone; real capital is required, too. The forward-thinking company is stating that they will not be able to produce their 4-door, Model S electric car without a $350 million dollar US government loan. Remember, the founder stated a while ago that all the pre-orders for the Roadster will be fulfilled, but without this… Read More

  • What happens to the Chevy Volt, other electric cars if Detroit isn't bailed out?

    Let’s say that Congress refuses to give some of that bailout money to Detroit—does that effectively kill off electric cars like the Chevy Volt? That depends on who you’re talking to. Read More