Review the current status of the automotive bailout plans involving GM, Chrysler, and the federal government. Prepare a 300 words on your selected organization in which you address the following:
a. background/description of what the proposed government bailout plan requires from the car companies, unions, creditors, suppliers et al.
at least one reference
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Below are my answers.
Anna Liza Gaspar
Several years before the global financial and economic crisis and its effects became apparent, the automotive industry in the United States had been ailing - its performance relative to the automotive industries of other countries such as Japan and Germany has been in a downward spiral for sometime. The financial crisis served as a catalyst in the further decline of the industry which resulted to the bankruptcy of some of the industry's players.
The federal government, late last year, created a credit life line ...
This solution of 365 words gives a background description of the proposed government bailout plan for car companies, unions, creditors and others. References used are included.