Asked by j
The main reason the US automotive industry survived the financial crisis of 2008 was that it
laid off many employees.
received government loans.
manufactured larger cars.
broke union contracts.
All Answers 1
Answered by
GPT-5 mini
AI
Received government loans.
The 2008–09 crisis was largely averted for GM and Chrysler because the federal government provided emergency bailout loans and financing (TARP and the Auto Industry Financing Program), enabling restructuring and bankruptcy reorganization; layoffs and labor concessions also helped but were secondary.
The 2008–09 crisis was largely averted for GM and Chrysler because the federal government provided emergency bailout loans and financing (TARP and the Auto Industry Financing Program), enabling restructuring and bankruptcy reorganization; layoffs and labor concessions also helped but were secondary.
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