General Motors & Chrysler
Assistance & Exit from the Troubled Asset Relief Program
Edited by
James S. Kousakis - John Peter Leonard
ISBN:
1619420724
ISBN 13:
9781619420724
General Motors & Chrysler
Substantial federal assistance allowed GM and Chrysler to restructure their costs and improve their financial condition. This book examines the role of TARP assistance in the restructuring of the US motor vehicle industry with a focus on unwinding the government stake in GMAC and Chrysler.
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Complete description
Substantial federal assistance allowed GM and Chrysler to restructure their costs and improve their financial condition. Through federally-funded restructuring, GM and Chrysler reported lowering production costs and capacities by closing or idling factories, laying off employees, and reducing their debt and number of vehicle brands and models. These changes enabled both companies to report operating profits and reduce costs enough to be profitable at much lower sales levels than ever before. Nevertheless, to remain profitable, both companies must manage challenges affecting both their costs, including debt levels, and vehicle demand, such as launching products that are attractive to consumers amid rising fuel prices. This book examines the role of TARP assistance in the restructuring of the U.S. motor vehicle industry with a focus on unwinding the government stake in GMAC and Chrysler.
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General info
Publisher & Imprint:
Nova Science Publishers Inc
City:
New York
More info:
height 155 mm
width 230 mm
weight 314 gr
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Age recommended:
College/higher education
Subject Indexing & Classification
Dewey:(DC23) 338.7629220973
Library of Congress Subject: General Motors Corporation
Departments:
Road vehicle manufacturing industry; Transport planning & policy;
Record updated at:
30 May, 2013
time:
15:35
Summary
General Motors & Chrysler
Preface; The Role of TARP Assistance in the Restructuring of General Motors; TARP Assistance for Chrysler: Restructuring & Repayment Issues; TARP: Treasury's Exit from GM & Chrysler Highlights Competing Goals, & Results of Support to Auto Communities are Unclear; TARP Assistance for the U.S. Motor Vehicle Industry: Unwinding the Government Stake in GMAC; Index.
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