Publisher
United States: Department of the Treasury
Media Date
3-31-2009
Media Type
Document
Content Type
Fact sheet
Country/Region
United States
Language
English
Crisis
Global Financial Crisis (2007-2009)
Case Series
The Rescue of the U.S. Auto Industry
Intervention
Capital Injection -Specific Firms; Credit Line; Emergency Liquidity-Specific Firm
Additional Information
In accordance with the March 31, 2009 deadline in the U.S. Treasury's loan agreements with General Motors and Chrysler, the Obama Administration is announcing its determination of the viability of the companies, pursuant to their February 17, 2009 submissions, and is laying out a new finite path forward for both companies to restructure and succeed. These findings and new framework for success are consistent with the President's commitment to support an American auto industry that can help revive modern manufacturing and support our nation's effort to move toward energy independence, but only in the context of a fundamental restructuring that will allow these companies to prosper without taxpayer support. Includes Key Findings, Detailed Findings on GM and Chrysler Plans, Support for Consumers and the Auto Industry, Auto Task Force Initiative To Support and Revitalize Auto Industry Workers and Communicates.
Recommended Citation
U. S. Department of the Treasury, "Obama Administration New Path to Viability for GM & Chrysler" (2009). Documents. 1660.
https://elischolar.library.yale.edu/ypfs-documents/1660