The main reason the US automotive industry survived the financial crisis of 2008 was that it laid off many employees. received g

Question

Pavlova-9 [17]

3 years ago

7

The main reason the US automotive industry survived the financial crisis of 2008 was that it laid off many employees. received g

overnment loans. manufactured larger cars. broke union contracts.

History

2 answers:

Veseljchak [2.6K] · Answer 1 · 2022-01-30T19:08:08+03:00

Veseljchak [2.6K]3 years ago

8 0

Answer

C. received government loans.

Explanation:

i took the test and got a 100

Nata [24] · Answer 2 · 2022-01-30T17:36:31+03:00

The correct answer is received government loans.

The US automotive industry, like the housing market, crashed during 2008 when America experienced an economic recession. To ensure the survival of important manufacturers like Ford, GM, and Chrysler, the federal government gave enormous loans to these companies. In total, these three companies alone received close to $80 billion from the US government to continue running.