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News Aerospace Automotive Business Operations
April 14, 2021  

How Ottawa’s financial aid package for Air Canada compares to the auto sector bailout

(CP) The federal government’s blockbuster financial aid plan for

News Aerospace Government General
October 19, 2020  

Regional airlines reject prospect of government stake in carriers

Canada is the only G7 country to hold off on pledging major financial aid for an industry devastated by the COVID-19 pandemic.

News Energy Oil & Gas General
April 20, 2020  

Oilpatch bailout focuses on abandoned wells cleanup, reduced emissions

Government plans to spend $1.7 billion in Alberta, Saskatchewan and British Columbia.

News Construction General
July 25, 2019  

Quebec has no plans to offer struggling SNC-Lavalin a bailout: Minister

SNC-Lavalin faces a trial after allegedly paying $48 million in bribes to officials under Moammar Gadhafi and defrauding Libyan organizations.

News Automotive Manufacturing General
October 23, 2018  

Liberals write off $6.3B in loans, including $2.6B to automaker

Key to the jump was a writeoff that was part of a financing package to keep automaker Chrysler afloat during the recession.

News Automotive Manufacturing General
May 1, 2014  

US taxpayers lose $11.2B on $49.5B GM bailout

Report to Congress says loss is up from a previous estimate of $10.5 billion.

News Manufacturing Business Operations Facilities Maintenance Operations Technology
December 16, 2013  

Retiring GM CEO says taxpayers gained on bailout even with paper loss

Dan Akerson says taxpayers would have had to pick up the company’s $26 billion pension obligation if the automaker went under.

News Automotive Business Operations Operations
December 10, 2013  

US government sells GM stake, loses $10.5B but 1.9 million jobs saved

Federal, state governments also would have lost $39.4 billion in tax revenue and other payments

News Business Operations Operations
November 21, 2013  

US government expects to sell remaining GM stock by year's end

The Canadian government sold a block of 30 million GM shares in September, valued at $1.1 billion.

News Manufacturing Business Operations Facilities Maintenance Operations Technology
July 24, 2013  

US government needs $95.51/share to break even on $49.5B GM bailout

Watchdog report says “no question” taxpayers are going to lose money on the investment.