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- 2012 Blog - How Much did the US
Government Pay for GM?
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How Much for General Motors? When does GM cease being Government Motors? |
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February 16, 2012: The US government "bailed out" General Motors with loans and equity investments. GM was also given future tax write-offs not normally allowed in bankruptcy totaling $49.5B. As of today, CNBC reported the US Treasury has to sell GM for about $53 per share to "break-even" on its bailout.  |
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If the government sold their shares in GM today
and were able to get the going price of $26.75 per
share then they would lose $14B. Of course,
selling that many shares would push the price much
lower.
So far, the government has recovered about half the $49.5B it invested in GM through selling stock and loan repayments by GM. The rough answer is fifty billion dollars.
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