how much money did the us government give to gm?
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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.
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DETROIT — General Motors sweetened its latest contract offer to the United Auto Workers by upping the amount of money it's committing to invest in U.S. factories to $7.7 billion in an attempt to end the union's 26-day strike, a person familiar with the deal said Friday.
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Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action." Bush provided $13.4 billion now, with another $4 billion ...
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The government spends about $100 billion annually on corporate welfare, according to a 2012 Cato study. That amount includes direct grants and loans to companies, as well as indirect aid for industries.
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General Motors' Mexican plants currently assemble the Chevrolet Cruze, Blazer, Equinox, Trax and Silverado along with the GMC Terrain and Sierra. Unifor estimates that 600,000 vehicles, worth $20 billion, are exported from Mexico to Canada and the United States each year.
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GM is a larger company than Ford. GM's total revenue for 2018 was $147 billion, a 1% increase from the previous year. Ford's total revenue was $160.3 billion, a 2.3% increase from the previous year.
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During FY2019, the federal government spent $4.45 trillion, up $338 billion or 7.1% vs. FY2018 spending of $4.11 trillion. Spending increased for all major categories and was mainly driven by higher spending for Social Security, net interest on the debt, and defense.
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1914 - In preparation for its involvement in World War I, the U.S. Government raised money by selling "Liberty Bonds." 1920 - The Government's debt shrunk from $23 billion to $17 billion. The U.S. Government had more money than it needed to pay for the services it provided.
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Ford Motor Co. owns Ford and Lincoln. General Motors owns Buick, Cadillac, Chevrolet, and GMC.
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GM Holden Gets $287 Million Australian Government Handout.
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The Fortune 100 described here is not the same as Fortune's 100 Best Companies to Work for. The Fortune 500 in 1955 was led by General Motors, a company that held the top position for more than 30 years. General Motors had revenues of $9.82 billion to top the list.
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Average General Motors hourly pay ranges from approximately $10.50 per hour for Specialist to $42.00 per hour for Performance Engineer.
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Both Vauxhall and Opel have been part of General Motors for nearly 100 years. GM bought UK business Vauxhall in 1925 for $2.5m. It acquired a majority stake in Germany's Opel in 1929 and bought the remaining shares in 1931.
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Not only would increase funding the NASA stimulate further space exploration and missions, but it would also stimulate the US economy. For every dollar that the government dedicates to NASA, it increases the national GDP by approximately $10. This addition to the economy could, in effect, cover its own cost.
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The legislation, which funds the federal government through September 30th, 2019, would give NASA $21.5 billion — an increase over last year's budget of $20.7 billion and much more than the $19.9 billion the agency asked for. Practically every major program within NASA will receive a boost.
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Over the course of the 2018 fiscal year, the US government took in $3.329 trillion. This number reflects the amount of money the government earned from revenue, both taxes and miscellaneous sources (or nontax revenue, an insignificant source).
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Over the last five years, Baltimore has received $903 million in federal grants for operating and capital expenses, according to city budget documents. Over the same period, the federal government also provided $1.1 billion to the Housing Authority of Baltimore City, according to USASpending.gov.