Search results
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.
20 wrz 2011 · A Ford TV ad slams competitors for accepting bailout funds, even though the company’s CEO lobbied for the bill.
The auto industry has occupied an almost mythical place in the American mind. From the time Henry Ford created the first Model T in 1908 and the first moving assembly line, cars were suddenly ...
29 lip 2020 · During good times, automotive analysts said, Ford could have socked away money and paid off debt in anticipation of bad times. That didn't happen.
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 · Ford did not ask for a government bailout, but received other financial assistance. Ford supported the GM and Chrysler bailouts to protect its supply chain and dealer network.
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...
