Summary
JRC Auto News Were governments in the United States and Canada right to bail out General Motors and Chrysler when the economy imploded in late 2008? We've found a memorandum by the Center for Automotive Research, a nonprofit organization based in Ann Arbor, Mich., that answers, emphatically, yes.
By enabling orderly bankruptcy proceedings and loaning $80 billion to the manufacturers and their financing arms (General Motors Acceptance Corp. and Chrysler Financial), the government saved more than 1.7 million jobs in 2009 and 2010.See the full content of this document
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Research Finds Jobs Saved by Bailouts?
Weighing the public a...
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