Title

A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Author(s)

Austan D. Goolsbee Austan Goolsbee (University of Chicago)

Alan B. Krueger Alan Krueger (Princeton University)

Abstract

This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S. government, the analysis used to evaluate their request, and the steps taken by the government to rescue them. The paper also summarizes the performance of the U.S. auto industry since the bailout and draws some general lessons from the episode.

Creation Date

2015-02

Section URL ID

Paper Number

588

URL

https://dataspace.princeton.edu/bitstream/88435/dsp01sj139419w/5/588.pdf

File Function

Jel

H0, L50, L62, G01, G33

Keyword(s)

auto bailout; auto industry

Suppress

false

Series

1