Big Dawg, Ford also had their hand in the cookie jar. The big thing that Ford did before the 'bail out' was mortgage themselves to the hilt (which was not popular with a lot of folks). Interesting tid-bit, all this 'bail out' stuff was created (more than starting than just ball-rolling) by Bush, Obama/Biden just blindly take the credit for the "saving" of the automakers.
Although Ford did not receive TARP funds, it did receive government loans.4 These were critical because banks were not lending during the financial crisis. It requested a $9 billion line-of-credit from the government. In return, it pledged to spend $14 billion on new technologies.
On June 23, 2009, Ford received a $5.9 billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program. In return, it pledged to accelerate the development of both hybrid and battery-powered vehicles, close dealerships, and sell Volvo. It upgraded factories in Illinois, Kentucky, Michigan, Missouri, and Ohio to produce hybrid vehicles.28
Ford used its bailout to switch its focus to commercial electric vehicles.
In 2016, CEO Mark Fields said, "We want to become a top player in electrified solutions. The company wants to lead…we can win such as with our commercial vehicles."
Eighty-one percent of the funds went to create new efficiency technologies for gas-powered vehicles. For example, they helped fund Ford's aluminum bodies in the F-series pickups. The Congressional Research Service estimated the loans saved 33,000 jobs.29 Ford will repay this loan by 2022.
Many argue that Ford needed the funds to sustain its cash flow during the recession. Ford says it was in better shape than the other two because it had mortgaged its assets in 2006 to raise $23.6 billion. It used the loans to retool its product lineup to focus on smaller, energy-efficient vehicles. It got the United Automobile Workers to agree it could finance half of a new retiree health care trust with company stock.30 By April 2009, it retired $9.9 billion of the debt it had taken out in 2006.
And, of the whole $80 Billion of the 'bail out', the net cost to the government wasn't close, more like $11B. Not that it's not important, but to bad the politicians don't use the net numbers.
Similar to the 'bank' bail-out, wasn't a bank bail-out as much as a 'people who didn't pay their mortgage bail-out'. Most banks paid it back (plus interest). A lot couldn't be traced, like they could with GM, debt (a lot of pension funds, got a dime on the dollar, with GM's bankruptcy).
Here's a list of the banks, financial institutions (like Fidelity), mortgage company's with the amount they got and paid back.