COVID Stimulus Watch Individual Entry

Recipient Company:

GENERAL MOTORS FINL CO

Loan or Loan Guarantee Amount:

$1,033,253

Recipient Details

Ownership Structure: publicly traded (ticker symbol GM)

Award Date: Jul 10, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: General Motors

Headquartered in: Michigan

Parent Sector: motor vehicles

Parent Industry: motor vehicles

Employees (prior to pandemic): 164,000

Employment-related Penalties: $47,361

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $1,274,510,770

Consumer Protection / Financial / Competition-related Penalties: $14,125,800

Ratio of CEO Pay to that of Median Worker: 203 to 1

CEO Compensation: $21,630,867

Worker Median Pay: $106,715

Total Federal, State, and Local Subsidies: $3,844,983,260

Federal Corporate Income Tax Rate: -2.4%