Asked by jo
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 federal government (TARP and the Auto Industry Financing Program) provided emergency loans and support to GM and Chrysler, allowing them to restructure (including bankruptcy reorganizations that cut costs) and avoid collapse.
The federal government (TARP and the Auto Industry Financing Program) provided emergency loans and support to GM and Chrysler, allowing them to restructure (including bankruptcy reorganizations that cut costs) and avoid collapse.
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