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The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
29 mar 2019 · President Barack Obama appointed the Presidential Task Force on the Auto Industry, which demanded far-reaching new business plans from GM and Chrysler. When those proposals proved too timid,...
There was a big debate about whether to grant GM and Chrysler a bailout. Even those leaning in favor were not sure it would work. Wharton and other experts explain why it was the right decision.
On December 19, George W. Bush announced that he had approved the bailout plan, which would give loans of $17.4 billion to U.S. automakers GM and Chrysler, stating that under present economic conditions, "allowing the U.S. auto industry to collapse is not a responsible course of action."
18 wrz 2021 · The 1979 bailout of Chrysler came at an important juncture; the federal government intervened in order to protect Chrysler's contract building tanks at the height of the Cold War, as well as...
19 gru 2018 · 12/19/2018 12:00 AM EST. On this day in 2008, a week after Senate Republicans killed a Democratic-sponsored bailout bill, asserting it failed to impose sufficient wage cuts on autoworkers,...
13 lis 2018 · About 20 percent of the total TARP funds — $80 billion — went to bail out General Motors and Chrysler. As described in an account of the crisis, “Detroit Back From the Brink,” by Chicago Fed...
