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Watchwoman on the Wall
ROMNEY: Obama holding onto shares of GOV’T MOTORS to avoid embarrassment of big losses
By
Donna Calvin
Romney vows quick U.S. exit from GM ________________________________________________________________ At GM’s Monday closing price of $21.11 a share, the government would lose $16 billion on its $49.5 billion bailout. Washington— Republican Mitt Romney believes President Barack Obama is holding on to the government’s stake in General Motors to avoid an embarrassing financial loss before the election,…
Chevy Volt Costing Taxpayers Up to $250K Per Vehicle
By
Donna Calvin
Analyst: ‘This might be the most government-supported car since the Trabant’ By Tom Gantert Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the…
Did you know that Red China owns a $500m stake of GM?
By
Donna Calvin
China’s SAIC buys $500m stake in General Motors (AFP) Written by Yahoo Business Thursday, 18 November 2010 06:42 BEJING (AFP) – China’s leading automaker SAIC Motor Corp confirmed Thursday it had agreed to buy a stake in General Motors, as the US auto giant prepared for one of the largest stock offerings in history. SAIC…
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