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Chrysler Trying to Round up Financing

Chrysler Group is currently trying to find ways to pay back a $7bn debt to the U.S. and Canadian Governments before an eventual IPO (initial public offering of shares). Accoring…

GM’s $13bn IPO Re-pay to Reduce Taxpayers’ Headache

General Motors is finalizing the process of raising $13 billion to re-pay government funds that had made it a taxpayer owned company. According to documents filed with the Securities and…

General Motors and AmeriCredit Corp Deal to be Audited by a Government Bailout Watchdog

AmeriCredit Corp, one of the largest independent auto finance companies in the US with business valued at $9bn, is to be acquired by General Motors (GM) for approximately $3.5bn. This…