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GM Generali

23.34
-0.14 (-0.60%)
14:47:23 - Realtime Data
Share Name Share Symbol Market Type
Generali AQEU:GM Aquis Europe Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.14 -0.60% 23.34 23.32 23.33 23.40 23.07 23.31 129,794 14:47:23

Treasury Disburses Auto Supplier Aid, More Bank Capital

14/04/2009 10:55pm

Dow Jones News


Generali (AQEU:GM)
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The U.S. Treasury Department announced Tuesday that it has disbursed $5 billion in government aid aimed at supporting the suppliers of struggling auto giants General Motors (GM) and Chrysler.

The payments were made on Thursday to a pair of special purpose entities that will be used to stabilize payments to the suppliers. A special purpose company related to GM received $3.5 billion while a special purpose company related to Chrysler received $1.5 billion.

Five billion dollars is the maximum allocated through the Troubled Asset Relief Program for assistance to parts makers.

Also in its report, the Treasury said it provided an additional $22.79 million in capital to five banks on Friday, bringing the total amount of government capital provided to U.S. banks to $198.85 billion.

 
   -By Meena Thiruvengadam, Dow Jones Newswires; 202-862-6629; 
meena.thiruvengadam@dowjones.com 
 
 

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