AutoNation CEO on returning Paycheck Protection Program loans

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AutoNation CEO Mike Jackson tells "Squawk Box" the company decided to withdraw applications for the Paycheck Protection Program and returned the money it received from the government after the Treasury Department said AutoNation is too large of a company to qualify for loan forgiveness.

The car retailer posted better-than-expected revenue for its latest quarter, even as it took $315 million in non-cash impairment charges due to the pandemic. AutoNation said sales strengthened during the final 10 days of April.

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What a phoney, got caught and trying to spin his we way out of it.

toology
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State's could freeze 20% or 30% privet bank's accounts.Because state budget financial problems.

marekkolenda
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He doesn't even have the money to get his teeth fixed

ecki
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Sainthood? for giving away money to businesses? Mkay

esquire
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So you didn't want the money that wasn't free.. 🙄

cnfusd
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Bet on negative intrest rates treasury bonds.

marekkolenda
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I would like to see her wear a soft Oxford shirt buttoned to the top button. No tie or bow. I also wish people would have told me therapy is about unlocking secrets in your memory.

sunnycheba