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The GM, Chrysler Federal Bailout By The Numbers

Illustration for article titled The GM, Chrysler Federal Bailout By The Numbers

Both GM and Chrysler hit the federal jackpot this morning, avoiding the wrath of the Carpocalypse for a little longer. We break down the numbers below the jump.

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$13,400,000,000: The amount of money to be handed out from the Troubled Asset Relief Program in the first installment.

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$4,000,000,000: The amount of the second installment of TARP funds, if needed.

$9,000,000,000: The amount of "bridge financing" Ford would like to access from non-governmental sources.

500,000: The number of electric vehicles Chrysler intends to put on the road by 2013.

102: The number of days the companies have to turn around their companies so the loans are not called in.

24: The number of new vehicle releases Chrysler promises through 2012.

0: The number of private jets Chrysler and GM are going to be buying because of a requirement.

Photo by Spencer Platt/Getty Image

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DISCUSSION

If you listened to Bush this morning there was more than a hint in his speech that talked about disorderly bankruptcy. All this is doing for Chrysler is providing more time for them to organize their legal personel to file an orderly bankruptcy. They are given 3 more months to FAIL in an orderly fashion. Nothing will change by March 31, 2009. Chrysler will be no more.