How much money did General Motors get from the government?
How much money did General Motors get from the government? Earlier today, General Motors announced that the company paid $4.7 billion to the U.S. government and $1.1 billion to the Canadian government, fulfilling its obligation agreed to when it received its initial bailout funds. In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. What was the bailout amount for General Motors? The initial $18.4 billion bailout was not enough. In April, GM borrowed another $2 billion. 17 On May 2, 2009, GM stock fell below $1 a...