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  2. Effects of the 2008–2010 automotive industry crisis on the ...

    en.wikipedia.org/wiki/Effects_of_the_2008–2010...

    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. Both companies separately filed for this protection ...

  3. Effects of the 2008–2010 automotive industry crisis on Canada

    en.wikipedia.org/wiki/Effects_of_the_2008–2010...

    The auto industry argued that loan guarantees and other help would try to save tens of thousands of Canadian jobs threatened by the sudden drop in North American car sales. Chrysler Canada has asked for $1 billion in aid, making it the only Canadian arm of the Big Three to make a specific dollar request.

  4. Automotive industry in the United States - Wikipedia

    en.wikipedia.org/wiki/Automotive_industry_in_the...

    In addition to the $62 billion that the automakers received from TARP, their financing arms, Ally Financial and TD Auto Finance received an additional $17.8 billion. [55] In addition to the funding from the United States government, the Canadian government provided $10.8 billion to GM and $2.9 billion to Chrysler as incentives to maintain ...

  5. 'Transformative': Another $2 billion investment in Hyundai ...

    www.aol.com/entertainment/transformative-another...

    Through a joint venture, LG Energy Solution and Hyundai Motor Group are adding 400 additional jobs at the megasite. 'Transformative': Another $2 billion investment in Hyundai metaplant to add 400 ...

  6. Presidential Task Force on the Auto Industry - Wikipedia

    en.wikipedia.org/wiki/Presidential_Task_Force_on...

    According to an April 2014 report of the Special Inspector General of the Troubled Asset Relief Program, the U.S. government had lost $11.2 billion (~$14.2 billion in 2023) in its rescue of General Motors. The U.S. government spent $50 billion to bail out GM, meaning it recovered 77.6 percent of its investment amount. [7]

  7. Toyota announces new $8 billion investment in NC battery ...

    www.aol.com/news/toyota-announces-8-billion...

    Toyota says its total North Carolina investment is now $13.9 billion. Here’s how many jobs will now be in NC. Toyota announces new $8 billion investment in NC battery plant, 3,000 additional jobs

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