The U.

S. Treasury says confidential information it got in the bailout of General Motors Co. (GM) should stay secret, otherwise at-risk companies needing government help in the future might not be willing to share data.

The Center for Auto Safety, now researching GM’s ignition-switch defects, sued in 2011 for information the government obtained before investing $49.5 billion in the automaker. It got more than 50,000 documents and wants additional records on the U.S. role in a judge’s ban on lawsuits over older GM cars. The Treasury asked a judge to throw out the lawsuit.

Read Article

Treasury Department Worries Public Disclosure Of GM's Dirty Laundry Might Discourage Future Bailouts

About the Author