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Bookmark or Share- Effects of the 2008–2010 automotive industry crisis on the ...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.
- 2008–2010 automotive industry crisis - WikipediaThe 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.
- What did America buy with the auto bailout, and was it worth it?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...
- Bailout List: Banks, Auto Companies, and More - ProPublicaLast update: Aug. 18, 2022. 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...
- GM, Chrysler were bailed out 10 years ago: How they've changedPresident 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...
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