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Treasury Secretary
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2 congressmen ask Treasury for details on 2008-09 dealership closures
… Mike Kelly, R-Pa., owner of Cadillac-Chevrolet, Hyundai and Kia stores in Pennsylvania, sent a letter to Treasury Secretary Jack Lew highlighting their concerns about the fairness of the selection process. The request for information follows …
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Ailing EV maker Coda files Chapter 11
… process, Coda said in a statement. Coda, which has four U.S. dealers, raised $300 million from backers that included Aeris Capital, Limited Brands CEO Les Wexner and former U.S. Treasury Secretary Henry Paulson. -- Reuters
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U.S. EV maker Coda files for bankruptcy
… 300 million in equity from backers including Aeris Capital, Limited Brands CEO Les Wexner, and former U.S. Treasury Secretary Henry Paulson. The company, however, in 2012 withdrew its request for $334 million in federal loans. As the …
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Court OKs sale of U.S. government-backed A123 to Chinese firm
… will now shift to Committee on Foreign Investment in the United States (CFIUS). Pressure has been building on Treasury Secretary Timothy Geithner, the head of the panel, to block the takeover. Chinese firms have been pouring cash into overseas …
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Obama finding what's good for GM not so good for taxpayers
… wait for the shares to turn a profit because they know it's not going to happen," Phillip Swagel, assistant Treasury secretary for economic policy under President George W. Bush, said in an interview. "They will wait a reasonable time …
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A123 Systems secures $50 million bankruptcy loan from Wanxiang
… Republican Chuck Grassley expressed concerns about A123's financing deal with Wanxiang in a letter to U.S. Treasury Secretary Timothy Geithner. They pressed Geithner, who chairs the committee, "to protect U.S. military and taxpayer …
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U.S. senators seek thorough review of Chinese bid for A123
WASHINGTON (Reuters) -- Two Republican senators asked U.S. Treasury Secretary Timothy Geithner for a thorough review of a Chinese company's plan to acquire bankrupt battery maker A123, saying military and …
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Ah, the good old days in France
… And yet people grumble about the U.S. government passively holding stock in General Motors. Imagine U.S. Treasury Secretary Timothy Geithner perusing GM's catalog of new global investments and saying, "OK, enough of that. Time to …
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U.S. Treasury expects GM shares to rise before it will sell
… familiar with Treasury's thinking said there had been no recent high-level conversations with GM about it. Treasury Secretary Timothy Geithner met or spoke with GM CEO Dan Akerson three times over five days in early March, according to records …
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Coda cranks up battery-car sales after California 'soft' start
… add some dealers." Closely held Coda, with investors including billionaire Philip Falcone and former U.S. Treasury Secretary Henry Paulson, is positioning its vehicle as a "real world" car with better range, battery-pack life and acceleration …
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Romney vows to sell U.S. stake in GM promptly
… share. The Treasury would lose money on the bailout if the shares were sold today. Tim Massad, the assistant treasury secretary in charge of the U.S. stake in GM, told The News last month that the administration has not decided when it …
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COMMENTARY: Private equity was good for Obama -- why not Romney?
… financial meltdown nearly four years ago that followed the Lehman Bros. bankruptcy. President George W. Bush and Treasury Secretary Henry Paulson did the right thing by using funds from the Troubled Asset Relief Program, or TARP, to keep GM and …
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Win may be a loss for ex-Chrysler dealers
… decision to terminate dealers to a directive from the federal Auto Task Force co-led by U.S. Department of Treasury Secretary Timothy Geithner, and claiming violations of federal laws against taking property without due process or just compensation …
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Bush defends GM, Chrysler loans
… speaker at the National Automobile Dealers Association convention, told dealers that he relied on the advice of Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, who told him that failure to act could lead to a full …
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A Labor Snag at GM (1/24/12)
… that the memo posted by the New Yorker Magazine. The 57 page economic ducking into where it's written by former Treasury Secretary Lawrence Summers. To Barack Obama then the president flat. In the though it dated December 15 2008. Outlined …
The 57 page economic ducking -- into where it's written by former Treasury Secretary Lawrence Summers. To Barack Obama then the president -- flat. In the -- though it dated December 15 2008. Outlined options the -
A Labor Snag at GM (1/24/12)
… that the memo posted by the New Yorker Magazine. The 57 page economic ducking into where it's written by former Treasury Secretary Lawrence Summers. To Barack Obama then the president flat. In the though it dated December 15 2008. Outlined …
The 57 page economic ducking -- into where it's written by former Treasury Secretary Lawrence Summers. To Barack Obama then the president -- flat. In the -- though it dated December 15 2008. Outlined options the -
GM, despite record profits, creates political liabilities for Obama
… money in the auto industry on net, but we did this for the jobs we were going to save, not to maximize return," Treasury Secretary Timothy F. Geithner said at a Detroit Economic Club event on April 28. "We're not a private investor. Our …
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Consumer Bureau nominee Cordray approved by Senate panel
… protection , which was exactly the same mistake that left us vulnerable to the financial crisis that we went through," Treasury Secretary Timothy F. Geithner told the Senate panel in a hearing after the vote on Cordray. 'Every inch' The consumer …
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A Beltway boost for EVs
… secretary of defense. Other SAFE events have drawn Washington luminaries such as then-Sen. Barack Obama and former Treasury Secretary Robert Rubin. A documentary on the 2008 version of the Oil ShockWave was broadcast on PBS. SAFE has produced studies …
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U.S. provides $5 billion in aid for parts suppliers
… critical component of the American auto industry during the difficult period of restructuring that lies ahead," said Treasury Secretary Timothy Geithner in a statement. Wilbur Ross, chairman of International Automotive Components Group, called the …
