This topic focuses on the U.S. financial markets. We periodically cover international markets.
Auto Industry
GM Gets $275 Million Government Subsidy in Australia
U.S. Auto Manufacturer General Motors (NYSE: GM) received a$275 Million (U.S. Dollar) government subsidy “handout” from the Australian government. GM apparently was going to pull jobs out of Australia to lower cost producing countries until it came to a financial arrangement with the government of Australia. READ MORE…