This is a print on demand edition of a hard to find publication. In 12/08, Pres. George W. Bush provided financial assistance to GM and Chrysler -- $13.4 billion to GM and $4 billion to Chrysler from the Troubled Assets Relief Program (TARP). Ford did not need such assistance immediately but might require a line of credit in 2009. A further $6 billion was loaned to GM Acceptance Corp. (GMAC), and $1.5 billion to Chrysler Financial, the two manufacturers¿ respective credit affiliates. Contents of this report: Intro.; Auto Industry Loan Develop. in 12/08; Impact on the National Economy; The Domestic Motor Vehicle Market; Financial Issues in the Auto Industry; Financial Solutions: Bridge Loans and Restructuring; Pension and Health Care Issues; Stipulations and Conditions on TARP Loans to the Auto Industry.
Book Details
- Country: US
- Published: 2011
- Publisher: DIANE Publishing
- Language: English
- Pages: 49
- Available Formats:
- Reading Modes:
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