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29 mar 2019 · In March 2009, the Obama auto task force found that GM and Chrysler weren't financially viable and needed to go through unprecedented bankruptcies.
The auto companies were not involved in causing the financial crisis. But then, he asks, what business dealing in expensive, capital-intensive durable goods takes a hit of 40% and isn’t in a crisis?
1 dzień temu · The total return of bonds issued by global car companies is on track for its biggest underperformance versus the broader high-grade market since 2019, according to Bloomberg indexes.
With the intent to prevent massive job losses and destabilizing damage to the entire manufacturing sector, the U.S. and Canadian governments provided unprecedented financial bailout ($85 billion) support to allow the companies to restructure and jettison legacy debt via Chapter 11 bankruptcy.
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 ...
15 maj 2012 · The son of a former Michigan governor and automobile industrialist finds himself in a critical battle to gain trust among American blue-collar voters that perceive him as a wealthy,...
We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie...
