Where to find out conversion ratio between General Motors bonds and new GM stock?
What happened to GM bondholders?
While these securities were cancelled under a plan of liquidation that was confirmed by the Bankruptcy Court for the Southern District of New York on March 29, 2011, they continue to exist for purposes of evidencing a right to distributions under the plan of liquidation.
When was GM delisted?
June 2009
The stock was delisted in June 2009 as the financial crisis hit the automotive industry. After the company filed for Chapter 11 bankruptcy, it received a $50 billion government bailout. See GM’s complete timeline.
How many shares are in GM?
General Motors 2021 shares outstanding were 1.468B, a 1.8% increase from 2020. General Motors 2020 shares outstanding were 1.442B, a 0.21% increase from 2019. General Motors 2019 shares outstanding were 1.439B, a 0.56% increase from 2018.
What happened to GM stock during bailout?
WASHINGTON — The federal government on Monday sold its remaining shares of General Motors Co. stock, ending the controversial $49.5-billion bailout of the automaker with an approximately $10.5-billion loss for taxpayers.
How much does GM owe the government 2021?
In total, GM received $52 billion from the U.S. government, but only $6.7 billion of this amount was considered a loan. The company already paid back $2 billion, so this $4.7 billion is the last payment. This doesn’t mean that “Government Motors” is no more.
Are GM stock certificates worth anything?
But, unfortunately for shareholders in the old GM, the relative safety of the new GM’s stock is of no value to them. Shares of the old GM are canceled. Investors must learn from this situation and remember to never hold shares of an individual company’s stock this long.
How much does GM still owe the federal government?
GM: repaid $23.1 billion of the $49.5 billion it got from the U.S. Treasury, including all of its outstanding loans. But Treasury still owns 500 million shares, or 32%, of GM stock.
How much did taxpayers lose on GM bailout?
$11.2 billion
U.S. taxpayers lost more than $11.2 billion as a result of the federal bailout of General Motors, according to a government report released Wednesday. The $11.2-billion loss includes a $826-million write-off in March from government investments in the “Old GM” before the company’s 2009 bankruptcy, the report said.
Did the US government lose money on the GM bailout?
The U.S. government lost $11.2 billion on its bailout of General Motors, according to a 2014 government report. The government invested about $50 billion to bail out GM as a result of the company’s 2009 bankruptcy, and at one time held a 61 percent equity stake in the Detroit-based automaker.
Did GM really pay back the bailout?
In fact, GM did not repay the loans with money it earned from selling cars. Instead, GM repaid the TARP loans with money it withdrew from another TARP fund at the Treasury Department.
What percentage of GM does China own?
SAIC-GM
| Type | Joint Venture |
|---|---|
| Headquarters | Shanghai , China |
| Area served | China |
| Products | Automobiles |
| Owner | SAIC Motor (50%) General Motors (50%) |
Which automaker did not take bailout?
Let’s be honest here: Ford has gotten a free pass and earned market shares for being the only US automaker that “didn’t take bailout money,” when they did in fact, take government loans with the condition of making cars that the government wanted.
Does Ford still owe the government money 2018?
More than a decade after the last economic crisis, Ford Motor Company is still paying down a fat government loan created by Congress at the start of the Great Recession to aid automakers with factory projects.
Why did Ford not take the bailout?
Ford did not ask for a government bailout, but received other financial assistance. Ford supported the GM and Chrysler bailouts to protect its supply chain and dealer network. To run the auto bailout part of TARP, the new Obama administration created the White House Council on Automotive Communities and Workers.
Did Ford take the bail out money?
While Ford was making noise about not taking federal bailout money, they and other major automakers (both foreign and domestic) got federal aid to the tune of tens of billions of dollars when the economy tanked in 2008.
How much money did Chrysler get in the bailout?
Bush announced a $17.4 billion bailout to General Motors and Chrysler, of which $13.4 billion would be extended immediately.
Why is Ford Motor Company stock so low?
Ford failed to impress the market, and the stock tanked after the report came out. Ford’s total sales in March dropped 25.6%, with truck sales tumbling 34.4% and SUV sales declining 9.4% year over year.
How much is Ford in debt?
around 138 billion U.S. dollars
The Ford Motor Company reported total debt around 138 billion U.S. dollars in 2021. Total debt comprises automotive debt, credit debt, and other debt.
Who has more debt Ford or GM?
Entering this year, Ford’s debt, excluding its lending arm, was at $15.3 billion, up $1.2 billion from the previous year. That compares with GM at nearly $14.4 billion in 2019, up $423 million from the prior year.
What is GM debt to equity ratio?
1.768
General Motors Debt to Equity Ratio: 1.768 for March 31, 2022.