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The auto maker has returned $9.5 billion of the $49.5 billion the U.S. spent to rescue GM final 12 months. The Obama administration will seek to recoup the remaining by way of the sale of stock over the subsequent couple of years. Though Ford had a money reserve of billions as a hedge towards exhausting instances, different automakers like General Motors (GM) and Chrysler confronted bankruptcy and the United States government stepped in with bailout cash from the Troubled Asset Relief Program (TARP) to rescue the sinking firms.
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