Chrysler Dealers Can't Tie Feds, Auto Bailout To $1B In Losses

The nearly decade-old suit brought by 300 or so ex-Chrysler dealers claims the government strong-armed the troubled auto giant into ripping up almost 800 dealership agreements to cut …

$1
OFF

Chrysler Dealers Can't Tie Feds, Auto Bailout To $1B In Losses

2 weeks from now

The nearly decade-old suit brought by 300 or so ex-Chrysler dealers claims the government strong-armed the troubled auto giant into ripping up almost 800 dealership agreements to cut …

law360.com

$1
OFF

Obama 'Car Czar' Defends Auto Bailout In Dealers' $1B Suit

2 weeks from now

Law360 (April 16, 2019, 7:20 PM EDT) -- Chrysler made its own decision to declare bankruptcy and accept a multibillion-dollar federal bailout in 2009, so the government can't be blamed for …

dealerlaw.com

$1
OFF

Obama 'Car Czar' Defends Auto Bailout In Dealers' $1B Suit

2 weeks from now

Chrysler made its own decision to declare bankruptcy and accept a multibillion-dollar federal bailout in 2009, so the government can't be blamed for the booting of hundreds of auto dealers …

law360.com

$1
OFF

Was The Bailout A Blunder? - TIME

2 weeks from now

Mar 21, 1983 · Few recent issues involving American business have stirred more controversy than Congress's decision three years ago to grant federal guarantees on $1.5 billion worth of …

time.com

$9.26
OFF

Federal Government Lost $9.26B On Auto Rescue - The Detroit News

2 weeks from now

Dec 29, 2014 · The Treasury ended its ownership stake in Chrysler Group LLC in July 2011, incurring a $1.3 billion loss on a $12.5 billion bailout. Chrysler — part of Fiat Chrysler …

detroitnews.com

$80
OFF

What If Taxpayers Hadn't Bailed Out GM And Chrysler?

2 weeks from now

Sep 26, 2012 · Many people have speculated about the fate of the domestic auto industry had Washington not poured more than $80 billion in taxpayer money into the breach of impending …

dbusiness.com

$23
OFF

Obama's United Auto Workers Bailout | Mercatus Center

2 weeks from now

Jun 14, 2012 · President Obama touts the bailout of General Motors and Chrysler as one of the signature successes of his administration. He argues that the estimated $23 billion the …

mercatus.org

$1
OFF

Obama 'Car Czar' Defends Auto Bailout In Dealers' $1B Suit

2 weeks from now

Chrysler made its own decision to declare bankruptcy and accept a multibillion-dollar federal bailout in 2009, so the government can't be blamed for the booting of hundreds of auto dealers …

law360.co.uk

$300
OFF

SAMS AUTOMOTIVE REPAIR - Updated January 2025 - Yelp

2 weeks from now

Jeffrey S. said "Was told by dealership mechanic that my muffler was hanging by a thread and that it needed immediate attention to the tune of $300-$400. Okay, it happens but I didn't have …

yelp.com

FAQs about Chrysler Dealers Can't Tie Feds, Auto Bailout To $1B In Losses Coupon?

Did Obama bail out the auto industry?

President Obama did not bail out the auto industry. He bailed out the United Auto Workers. President Obama touts the bailout of General Motors and Chrysler as one of the signature successes of his administration. He argues that the estimated $23 billion the taxpayers lost was worth paying to avoid massive job losses. ...

How much will the auto bailout cost taxpayers?

The Treasury expects the auto bailout to ultimately cost taxpayers $23 billion. The funds diverted to the UAW account for the taxpayers' entire net loss. Avoiding these losses would have been straightforward. ...

Was Chrysler trying to get financial help?

“I learned confidentially that Chrysler was visiting the U.S. Treasury Department and trying to figure out how they could get some financial help because they were having financial trouble,” Blanchard revealed in an exclusive interview on Monday. ...

Why did Lockheed get a bailout?

In 1971, Lockheed begged Congress for a bailout, saying the company’s uncertain status presented a national security risk. Their request for loan guarantees won support.) But an automaker could not be compared to a defense contractor, Blanchard said. Still, he would remain on standby for news to break. ...

Could Obama have kept GM & Chrysler running?

President Obama touts the bailout of General Motors and Chrysler as one of the signature successes of his administration. He argues that the estimated $23 billion the taxpayers lost was worth paying to avoid massive job losses. However, our research finds that the president could have both kept the auto makers running and avoided losing money. ...

Who was the first witness to Chrysler's bankruptcy?

Iacocca was the first witness. (Widely credited with saving Chrysler from going out of business, he served as company president from 1978 to 1991 and CEO from 1979 until the end of 1992.) “We had to convince the Chrysler family of workers and people all over that we could get this done, that they were going to have a future. ...