Almost all of the TARP cash is spoken for, and some Senators and oversight officials complained of being left in the dark about its use at a hearing on Tuesday.
To stay competitive with other automakers, it launches payment protections for buyers.
If the auto industry doesn't come up with better plans, they may be forced to restructure through bankruptcy, Obama warned Monday.
In dispatching GM's Rick Wagoner and directing carmakers toward clean cars, Obama indicates tax dollars won’t come free.
The two automakers seek additional $22 billion from the US, even as the president signals their plans aren’t adequate.
CEO Rick Wagoner is said to be out. In assessing industry's plans for revival, Obama has asserted that the automakers 'aren't there yet.'
New car sales soared 21 percent in February as a government incentive program sparked buying.