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Look Back at GM, Chrysler and the American Auto Industry.
| 题名： | Look Back at GM, Chrysler and the American Auto Industry. |
| 关键词： | *Automobile-industry; *Loans-.;Repayments-; Federal-government; Government-policies; Taxpayers-. |
| 摘要： | Announcements that General Motors (GM) has repaid its remaining $4.7 billion in Troubled Asset Relief Program (TARP) loans and that Chrysler - after taking one-time charges last year associated with the restructuring - produced an operating profit in the first quarter of 2010 are indications of the positive impact that Obama Administration's financial rescue plan has had on the economy. The contrast between where these companies, and the American auto industry, are today and the situation President Obama faced when he took office is stark. In the spring of 2009, GM and Chrysler executed restructurings that many outside observers claimed would be impossible. At the same time, President Obama supported a range of steps to support the auto industry and workers and help support our economic recovery. Now, about a year later, it's important to recognize the distance that has been traveled. This report attempts to do that. |
| 报告类型： | 科技报告 |
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