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T he US auto industry is very pleased. hyundai motor finance While in Europe the economy is still ailing nice, one is already hyundai motor finance woken up on the other side of the Atlantic. The sector is heading off to the best year in over a decade, while we realize figures here on the Old Continent that are similar to (in some markets) of forty (!) Years ago.
That strong economic revival, however, comes at a price for the American taxpayer. In 2008, the government had indeed intervene and save two of the big three American car manufacturers with hefty cash injections. Chrysler was sold to Fiat and GM went bankrupt and was split into an ancient society (in which all the "stuff" is) and a new (profitable) General Motors. Only Ford could manage without help.
In total, the US government borrowed nearly $ 80 billion to various players in the auto sector and put even some companies under state control. Now reports the Obama administration that the operation is completely finished, all recoverable debts are collected and that it sold all remaining shares in some companies (such as the finance GM). It may therefore present the final bill. That is just over $ 9 billion. The remaining $ 70 billion was repaid by the auto sector.
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