Home » General World News » GM, Ford, and Chrysler almost died a decade ago during the financial crisis — here’s how the auto giants have changed since (F, GM, FCAU)

GM, Ford, and Chrysler almost died a decade ago during the financial crisis — here’s how the auto giants have changed since (F, GM, FCAU)





Big 3 Testify

  • Ten years ago, amidst the worst financial crises since the Great Depression, the American auto industry almost died.
  • The “Big Three” U.S. car companies of General Motors, Chrysler, and Ford faced potential insolvency.
  • But a decade later, thanks to the $80 billion dollar lifeline provided by the Troubled Asset Relief Program engineered by the Bush and Obama Administrations, the U.S. auto industry has recovered.
  • Each of the major automakers experienced its own story out of the recovery, with lessons to be learned.

Ten years ago, amidst the worst financial crises since the Great Depression, the American auto read more >>>

Source:: BusinessInsider.Com

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