A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Author
Keywords
Abstract

This paper takes a retrospective look at the U.S. government’s effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S. government, the analysis used to evaluate their request, and the steps taken by the government to rescue them. The paper also summarizes the performance of the U.S. auto industry since the bailout and draws some general lessons from the episode.

Year of Publication
2015
Number
588
Date Published
02/2015
Publication Language
eng
Citation Key
9148
URL
Working Papers