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Pavel [41]
3 years ago
6

HURRY!!!!!!!!!!!!!!!!!!

History
2 answers:
KiRa [710]3 years ago
7 0
The answer is C. Both companies were going to have to file for bankruptcy, and they needed help.
dmitriy555 [2]3 years ago
7 0

The correct answer is:

C. GM and Chrysler.

Explanation:

During the financial crisis of 2008, also known as the crisis of credit; companies that relied on credit suffered deeply so as a part of a global financial shutdown the automotive industry suffered a crisis from 2008-2010.

Before the crisis the automotive industry was weakened since 2003 because of the increase on automotive fuels and energy crisis that discouraged consumers on buying vehicles that required a lot of fuel. Even though the crisis of 2008 affected the European and Asian automotive industry, the American industry was affected the most because the financial crisis was originated in the United States, so the "Big Three" automakers, GM, Chrysler and Ford asked the Congress for a bank bailout and warned that GM and Chrysler were facing bankruptcy.

Ford wanted to be included so the company wouldn't suffer but the Treasury Department lent money and bought stocks from GM and Chrysler, the U.S. government spent $80.7 billion in the bailout of the automotive industry.

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What did Harlan County people eat during the Great Depression?|
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4 years ago
The practice of giving government jobs to friends and political supporters was known as which of the following?
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3 years ago
What did the great Compromise and the three-fifths compromise involve so much debate and discussion at the constitutional conven
evablogger [386]

Answer:  Because each state was looking out for its personal interests in regard to representation in Congress.

Details:

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3 years ago
Do you think these beliefs are silly or reasonable??????
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3 years ago
Read 2 more answers
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