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Treasury says auto bailout tally drops to $20.3 billion

In December, the US Treasury announced that it was going to sell all of its shares in General Motors within 12 to 15 months. The first tranche of the 500-million total shares was purchased by GM, which took 200 million of them at $27.50 per share. That price represents an eight-percent premium over the market price at the time. The remaining 300 million shares will be sold "through various means in an orderly fashion."
Of the $418 billion disbursed through the Troubled Asset Relief Program (TARP), a report in Automotive News indicates that "about 93 percent" has been paid back, and the latest figures put Treasury's loss from the program overall at $55.58 billion. That's a $4.1 billion improvement on the last figure, when the expected red ink added up to $59.68 billion. The auto industry's portion of that loss is estimated to be $20.3 billion, a 16-percent drop from the earlier estimate of $24.3 billion.
The Treasury now owns 19 percent of GM, but if all goes well, there will be no more cause for anyone to utter "Government Motors" by the end of Q1 next year. A loss of some kind is still expected, however. Although GM's stock price is close to $29 at the time of this writing, that's still $4 below its IPO price and well below the $72 share price necessary for the government to come out even on its GM investment. On second thought, maybe the ribbing will continue.

Bob Dylan to star in Chrysler Super Bowl spot [w/videos]

Billboard reports that Bob Dylan will be working with Chrysler again, this time starring in a Super Bowl ad expected to showcase the company's new 200 sedan. The rock icon first tied up with the Chrysler Group late last year when a commercial for the new 2014 Jeep Cherokee used Dylan's unreleased cover of Blind Willie Johnson's "Motherless Children" for its soundtrack.
The last big-game commercial for the 200 used Eminem in 2011 to introduce us to the outgoing 200 and the tagline-turned-mini-movement, "Imported from Detroit." Since then, Clint Eastwood, Berry Gordy, Jr., and America's farmers have taken turns impressing us with Chrysler Group's wares. It isn't yet known what song will be used for the spot. Speaking of the coming ad, company CEO Sergio Marchionne said, "Someone made the comment to me that I had the right commercial in 2011 and the wrong car. I think we now have hopefully the right commercial and the right car."
It's not Dylan's first outing with a carmaker, having starred in a spot to promote the Cadillac Escalade in 2007. Nor will it be the only Dylan music we get during the Super Bowl, the singer having licensed a track that's used in a one-minute commercial for Chobani Greek yogurt.

Chrysler Pacifica adds sixth trim level: Touring Plus

While some of us might not want to admit our fondness for the homely minivan, there's something about the Chrysler Pacifica that gets unlikely drivers giving it the up-and-down on the sly (speaking from experience, here). A year into its life, the kinda-cool people hauler is getting a sixth trim level, called Touring Plus, that falls about in the middle of the lineup. Slotting in above the Touring trim ($32,090), the $33,455 Touring Plus offers a number of visual and convenience upgrades, but retains the cloth seats (for leather, you'll still have to move up to the Touring L level, at $36,090). On the outside, it gets the mesh lower fascia and foglights shared with the higher trim levels, plus projector headlights and LED taillights. For comfort and convenience, it offers three-zone climate control, power liftgate, a universal garage door opener, and second- and third-row sunshades to give your kids the limo treatment. As an added bonus for Touring Plus customers who opt for the 18-inch wheels and the 8.4-inch Uconnect infotainment center, Chrysler will throw in the single overhead DVD player for free. If you were waiting for the "just right" Pacifica to become available, and this higher-content, cloth-seat version suits you just right, there's no need to wait. The Pacifica Touring Plus is available now. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Related Gallery 2017 Chrysler Pacifica: First Drive View 35 Photos News Source: FCA Auto News Chrysler Minivan/Van chrysler pacifica