US: Bigger loss forecast on automotive bailout

The US Treasury Department increased its estimate of expected losses from the 2009, US$80bn bailout of domestic automotive OEMs, their finance arms and key suppliers in a monthly report to Congress of 10 August. The Treasury now estimates the 2009 bailout will eventually cost the US government US$25.1bn, US$3.4bn higher It’s time to log in … Continued

• By Webmaster
• August 14, 2012