Treasury¿s Exit from GM and Chrysler Highlights Competing Goals, and Results of Support to Auto Communities are Unclear

Since Dec. 2008, the Dept. of the Treasury (Treasury) has committed $62 billion in Troubled Asset Relief Program (TARP) funding to General Motors (GM) and Chrysler. This report addresses: (1) how restructuring with federal assistance has affected GM¿s and Chrysler¿s financial condition; (2) what Treasury has done to ensure that it dis-invests in GM and Chrysler so as to protect taxpayers¿ interests and what risks remain in recouping its investments; and (3) how restructuring has affected auto communities and what the White House Council on Auto Communities and Workers have done to mitigate these effects. Includes recommendations. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.