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Auto Industry: Summary of Government Efforts and Automakersí Restructuring to Date
Auto Industry: Summary of Government Efforts and A

Our Price: $25.00
By Gene L. Dodaro (au)
Year: 2009
Pages: 48
Binding Paperback

Product Code: 1437915329

In Dec. 2008 the Dept. of the Treasury established the Auto. Industry Financing Program under the Troubled Asset Relief Program. From Dec. 2008 through March 2009, Treasury has allocated about $36 billion to this program, including loans to Chrysler and GM. Three principles should guide fed. assistance to large firms: define the problem, determine the national interests and set goals and objectives, and protect the govít. interests. This report discusses: (1) the nature and purpose of assistance to the auto industry; (2) how the assistance addresses the 3 principles; and (3) important factors for Chrysler and GM to address in achieving long-term viability and the challenges that they face to become viable. Charts and tables.

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