Auto program helped save auto industry, more than 1 million jobs
WASHINGTON –(ENEWSPF)–December 19, 2014. The U.S. Department of the Treasury today announced that it agreed to sell all of its remaining 54.9 million shares of Ally Financial Inc. (Ally) common stock, exiting the last major Troubled Asset Relief Program (TARP) investment and winding down the Auto Industry Financing Program. The shares were sold at $23.25 per share, recovering $1.3 billion to taxpayers.
“The Auto…
