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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."
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 ...
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.
1 kwi 2019 · Far from its ostrichlike behavior in the years before the rescue, the American auto industry appears to have taken this lesson to heart, particularly in prescient moves like General Motors ...
19 gru 2018 · In all, the federal government extended nearly $81 billion to bail out the auto industry in a rescue effort that began under Bush’s watch and ended in December 2014, well into Obama’s second...
29 mar 2019 · Ten years after the US government saved automakers with a massive bailout, the industry is healthier than it has ever been. But automakers are facing a bigger challenge today than they did during...
