Graph of the Day for January 25, 2010

Randall Hoven
"In the midst of a deep recession and financial crisis, the collapse of the auto industry would have caused enormous damage to our economy.  So we intervened for one simple and compelling reason: Your survival and the success of our economy depended on it... if GM retooled and reinvented itself for the 21st century, it would be good for American workers, good for American manufacturing and good for America's economy.  I'm pleased to report that's exactly what's begun to happen at this plant and at others. And I'll tell you what: I will double down on the American people and all of you any day of the week."

President Obama, September 2009




Source:  Motor Intelligence.  H/T Bryan Riley at American Thinker.


Hoven's Index for January 25, 2010


TARP auto bailout (actually disbursed) as of September 30, 2009:  $75.9 billion.

TARP auto bailout per light car or truck sold by GM and Chrysler in 2009:  $25,273 (the $75.9 billion divided by the 3,003,151 vehicles from above table).

Percentage of the New GM owned by the US government:  61%.

Percentage of Chrysler owned by the US government:  10%.


Source:  Government Accountability Office.


Graph of the Day Archive.

"In the midst of a deep recession and financial crisis, the collapse of the auto industry would have caused enormous damage to our economy.  So we intervened for one simple and compelling reason: Your survival and the success of our economy depended on it... if GM retooled and reinvented itself for the 21st century, it would be good for American workers, good for American manufacturing and good for America's economy.  I'm pleased to report that's exactly what's begun to happen at this plant and at others. And I'll tell you what: I will double down on the American people and all of you any day of the week."

President Obama, September 2009




Source:  Motor Intelligence.  H/T Bryan Riley at American Thinker.


Hoven's Index for January 25, 2010


TARP auto bailout (actually disbursed) as of September 30, 2009:  $75.9 billion.

TARP auto bailout per light car or truck sold by GM and Chrysler in 2009:  $25,273 (the $75.9 billion divided by the 3,003,151 vehicles from above table).

Percentage of the New GM owned by the US government:  61%.

Percentage of Chrysler owned by the US government:  10%.


Source:  Government Accountability Office.


Graph of the Day Archive.