Government Information

Earl Gregg Swem Library

Auto Industry: Summary of Government Efforts and Automakers’ Restructuring to Date

Categories: Business/Economics,Financial Crisis/Markets,Govt Finance,Headlines,Manufacturing

Discusses the nature and purpose of federal assistance to the auto industry under the Automotive Industry Financing Program, part of the Troubled Asset Relief Program of the Treasury Department. Also covers how the assistance program responds to three guiding principles, and important factors for Chrysler and General Motors to consider in achieving long-term viability. From the Government Accountability Office