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GMAC Financial Services expects to report a $5 billion net loss in the fourth quarter despite the $3.79 billion cash infusion it has received from the U.S. Treasury Department, CEO Michael Carpenter told analysts this afternoon.

Tags: Cash Infusion, Ceo Michael, Fourth Quarter, Gmac, GMAC Financial Services, Michael Carpenter, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department, USD

General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.

Tags: 1 Billion, 192, Canada, Canada General, Canada General Motors Co., Canada Province, Ceo, Ed Whitacre, General Motors, Gm, Governments Of Canada, Ontario, Province Of Ontario, U S Treasury, U.S. Treasury, United States, USD

General Motors Co. CEO Ed Whitacre said GM has paid $1 billion to the U.S. Treasury and $192 million to the governments of Canada and the province of Ontario.

Tags: 1 Billion, 192, Canada, Ceo, Debt Payments, Ed Whitacre, General Motors, Gm, Governments Of Canada, Ontario, Province Of Ontario, U S Treasury, U.S. General Motors Co., U.S. Treasury, USD

Chrysler won’t pay back any of the $3.7 billion still outstanding in U.S. Treasury loans made under the Troubled Asset Relief Program, according to the terms of a plan filed today in Bankruptcy Court.

Tags: Bankruptcy Court, Chrysler, Earmarks, Loans, U S Treasury, U.S. Treasury, USD

Alvaro de Molina resigned today as CEO of GMAC Financial Services after less than two years on the job, as the GMAC board asked the U.S. Treasury Department to delay a third round of financial assistance for the lender.

Tags: Alvaro De Molina, Carpenter, Ceo, Financial Assistance, Gmac, GMAC Financial Services, Job Board, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department

GM will announce today it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Tags: Gm, Government Loan, Improvements, Loan Source, U S Treasury, U.S. government, U.S. Treasury, United States, USD, Year End

The U.S. Treasury intends to provide more taxpayer capital to finance company GMAC, but needs to deliberate further on the deal’s structure, a senior U.S. Treasury official said on Thursday.

Tags: Deliberation, Finance, Finance Company, Gmac, Treasury Official, U S Treasury, U.S. Treasury

The Obama administration did not get involved with General Motors Co.’s decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.

Tags: Europe, General Motors, General Motors Co., Obama administration, Opel, Spokeswoman, The Obama administration, U S Treasury, U.S. Treasury

The Obama administration did not get involved with General Motors Co.’s decision to keep and restructure its Opel carmaking operations in Europe, a U.S. Treasury spokeswoman said on Tuesday.

Tags: Europe, General Motors, General Motors Co., Opel, Spokeswoman, The Obama administration, U S Treasury, U.S. Treasury

GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.

Tags: Gmac, GMAC Financial Services, Timothy Geithner, Treasury Secretary, U S Treasury, U.S. Treasury, United States

GMAC Financial Services may not need as much funding as U.S. officials had projected in its layer of taxpayer-backed funding, U.S. Treasury Secretary Timothy Geithner said today.

Tags: Gmac, GMAC Financial Services, Infusion, Timothy Geithner, Treasury Secretary, U S Treasury, U.S. Treasury, United States

GMAC Financial Services Inc. is talking with the U.S. Treasury Department about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.

Tags: Administration Official, Cash Infusion, Financial Services Inc, GMAC Financial Services, Treasury Department, Tuesday Night, U S Treasury, U S Treasury Department

GMAC Financial Services Inc. is talking with the U.S. Treasury Department about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.

Tags: Administration Official, Cash Infusion, Financial Services Inc, Gmac, GMAC Financial Services, GMAC Financial Services Inc., Obama administration, Treasury Department, Treasury Services, Tuesday Night, U S Treasury, U S Treasury Department, U.S. Treasury Department

The U.S. Treasury Department is in talks with GMAC Financial Services Inc. about a possible additional cash infusion to the company, an Obama administration official confirmed on Tuesday night.

Tags: Administration Official, Cash Infusion, Financial Services Inc, Gmac, GMAC Financial Services, GMAC Financial Services Inc., Obama administration, Treasury Department, Tuesday Night, U S Treasury, U S Treasury Department, U.S. Treasury Department

Chrysler Financial, following the directions of the U.S. Treasury Department, plans to wind down its business by the end of 2011, U.S. pay czar Kenneth Feinberg said. The lending company, which received $1.

Tags: Chrysler, Chrysler Financial, Czar, Directions, Kenneth Feinberg, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department, United States, USD

Executives from Chrysler Group will meet the the U.S. Treasury Department’s auto task force this week, but no public statement is expected after the meeting, a Treasury official said on Tuesday.

Tags: Auto Week, Chrysler, Chrysler Group, Execs, Task Force, Treasury Department, Treasury Official, U S Treasury, U S Treasury Department, U.S. Treasury Department

Executives from Chrysler Group will meet the the U.S. Treasury Department’s auto task force this week, but no public statement is expected after the meeting, a Treasury official said on Tuesday.

Tags: Auto Week, Chrysler, Chrysler Group, Execs, Task Force, Treasury Department, Treasury Official, U S Treasury, U S Treasury Department, U.S. Treasury Department

The dealership terminations by General Motors Co. and Chrysler Group will be audited by the inspector general for the U.S. Treasury Department’s financial bailout, the inspector said in congressional testimony.

Tags: Chrysler, Chrysler Dealer, Chrysler Group, Congressional Testimony, Financial Bailout, General Motors, Gm, Gm Dealer, Inspector General, Terminations, Treasury Department, U S Treasury, U S Treasury Department

The dealership terminations by General Motors Co. and Chrysler Group will be audited by the inspector general for the U.S. Treasury Department’s financial bailout, the inspector said in congressional testimony.

Tags: Chrysler, Chrysler Dealer, Chrysler Group, Congressional Testimony, Financial Bailout, General Motors, General Motors Co., Gm, Gm Dealer, Inspector General, Terminations, Treasury Department, U S Treasury, U S Treasury Department, U.S. Treasury Department, United States

The U.S. Treasury will not step in to influence management decisions at General Motors and Chrysler Group after providing the automakers with some $70 billion in financing to restructure in bankruptcy, a White House adviser said.

Tags: Automakers, Bankruptcy, Chrysler, Chrysler Group, General Motors, Gm, Management Decisions, Passive Investor, U S Treasury, U.S. Treasury, United States, USD, White House, White House Adviser

Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.

Tags: Chrysler, Chrysler Group, Congress, Congress Today, Decisions, General Motors, General Motors Co., Gm, Jay Rockefeller, Lawmaker, Senate Commerce, Treasury Department, U S Senate, U S Treasury, U S Treasury Department, U.S. Treasury Department, United States Senate, West Virginia

Congress today turned up the heat on General Motors Co. and Chrysler Group with a senior lawmaker calling for a U.S. Treasury Department review of decisions to cut more than 2,000 dealers. U.S. Sen. Jay Rockefeller, D-W.Va.

Tags: Chrysler, Chrysler Group, Congress, Congress Today, Decisions, General Motors, General Motors Co., Gm, Jay Rockefeller, Lawmaker, Senate Commerce, Treasury Department, U S Senate, U S Treasury, U S Treasury Department, U.S. Treasury Department, United States Senate, West Virginia

U.S. auto task force leader Steve Rattner is stepping down following the bankruptcy exits of General Motors and Chrysler Group, the U.S. Treasury Department said. Task force member Ron Bloom will succeed Rattner.

Tags: Bankruptcy, Bloom, Chrysler, Chrysler Group, General Motors, Ron Bloom, Steve Rattner, Task Force, Task Force Chief, Task Force Leader, Task Force Member, Treasury Department, U S Auto, U S Treasury, U S Treasury Department, U.S. Treasury Department, United States

The only viable option to save General Motors is a sale of its main assets to a “New GM,” a U.S. Treasury official told a bankruptcy court today as the automaker sought approval for the deal.

Tags: Assets, Automaker, Bankruptcy Court, General Motors, Gm, Only Viable Option, Treasury Official, U S Treasury, U.S. Treasury

The only viable option to save General Motors is a sale of its main assets to a “New GM,” a U.S. Treasury official told a bankruptcy court today as the automaker sought approval for the deal.

Tags: Assets, Automaker, Bankruptcy Court, General Motors, Gm, Task Force Member, Treasury Official, U S Treasury, U.S. Treasury, Viable Option, Viable Path