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  2. Presidential Task Force on the Auto Industry - Wikipedia

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

    Recommendations also included directives on improving wage and benefit structures, and developing competitive fuel efficient cars for the future. In March 2009, the Task Force recommended up to $5 billion in support for automotive industry suppliers, [ 5 ] and by late May 2009, following the recommendations of the Task Force, the U.S ...

  3. Chrysler Corporation Loan Guarantee Act of 1979 - Wikipedia

    en.wikipedia.org/wiki/Chrysler_Corporation_Loan...

    Congress later passed the Chrysler Corporation Loan Guarantee Act of 1979, which re-stabilized the company, signed and approved by President Jimmy Carter in January of 1980, authorized $1.5 billion in federal loan guarantees to the Chrysler Corporation, making it the largest government bailout of a private company at the time. [5]

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

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

    The auto manufacturers explained that they would need financial aid of $25 billion if they were to avoid bankruptcy. The Senate was divided on the issue. The Republican senators were unwilling to provide aid, some even suggesting that bankruptcy might be the best option as it would free manufacturers from the employment deals agreed with the ...

  5. Why the Dow Hit Rock Bottom 4 Years Ago - AOL

    www.aol.com/news/2013-03-08-why-the-dow-hit-rock...

    Nearly 500 banks failed, and hundreds more were kept afloat by a massive injection of government bailout money. The Dow's final closing price of 6,547.05 was 54% lower than an all-time high of ...

  6. Why America Needs to Forgive General Motors' Bailout - AOL

    www.aol.com/news/2013-05-04-how-much-gm-truly...

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  7. Bailout - Wikipedia

    en.wikipedia.org/wiki/Bailout

    2008 – General Motors Corporation and Chrysler LLC: though technically not a bailout, a bridge loan was given to the auto manufacturers by the US government; it is referred to by most as a bailout. 2009 – Bank of America to help it absorb known losses that were much greater than revealed to shareholders incurred by its buyout of Merrill Lynch

  8. How Car Loan Charge-Offs Work - AOL

    www.aol.com/car-loan-charge-offs-171400504.html

    Your Options Following a Car Loan Charge-Off. It's important to take action after receiving notice of an auto loan charge-off. You might have a few options available that could help you keep your ...

  9. General Motors Chapter 11 reorganization - Wikipedia

    en.wikipedia.org/wiki/General_Motors_Chapter_11...

    Congress declined to act, but in December 2008 the Bush administration provided a "bridge loan" to General Motors with the requirement of a revised business plan. [23] It said it needed $4.6 billion in loans within weeks, from the $18 billion it had already requested, and an additional $12 billion in financial support in order to stave off ...