U.S. Motor Vehicle Industry: Federal Financial Assistance and Restructuring

Description:

This report reviews the U.S. automotive industry at present, aspects of the industry's financial situation, and relief options. It includes an analysis of the current situation in the U.S. automotive market, including efforts to address problems of long-term competitiveness and the impact of the industry on the broader U.S. economy. It focuses on financial issues, including credit questions, and legal and financial aspects of government-offered loans or loan guarantees. This further includes consideration of legacy issues, specifically pension and health care responsibilities of the Detroit 3. It also reviews potential solutions to the financial crisis, including options of government receivership and participation management, and various forms of bankruptcy. Finally, the report reviews stipulations that Congress might impose on auto manufacturers as conditions of providing assistance.

Creator(s): Cooney, Stephen
Location(s): United States
Creation Date: December 3, 2008
Partner(s):
UNT Libraries Government Documents Department
Collection(s):
Congressional Research Service Reports
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Creator (Editor):
Cooney, Stephen

Specialist in Industrial Organization and Business Resources, Science, and Industry Division

Publisher Info:
Place of Publication: Washington D.C.
Date(s):
  • Creation: December 3, 2008
Coverage:
Place
United States
Description:

This report reviews the U.S. automotive industry at present, aspects of the industry's financial situation, and relief options. It includes an analysis of the current situation in the U.S. automotive market, including efforts to address problems of long-term competitiveness and the impact of the industry on the broader U.S. economy. It focuses on financial issues, including credit questions, and legal and financial aspects of government-offered loans or loan guarantees. This further includes consideration of legacy issues, specifically pension and health care responsibilities of the Detroit 3. It also reviews potential solutions to the financial crisis, including options of government receivership and participation management, and various forms of bankruptcy. Finally, the report reviews stipulations that Congress might impose on auto manufacturers as conditions of providing assistance.

Physical Description:

44 pages.

Language(s):
Subject(s):
Contributor(s):
  • Contributor : Bickley, James M. Specialist in Public Financing Government and Finance Division
  • Contributor : Cashell, Brian W. Specialist in Macroeconomic Policy Government and Finance Division
  • Contributor : Chaikind, Hinda Specialist in Health Insurance and Financing Domestic Social Policy Division
  • Contributor : Pettit, Carol A. Legislative Attorney American Law Division
  • Contributor : Purcell, Patrick Specialist in Income Security Domestic Social Policy Division
  • Contributor : Rapaport, Carol Analyst in Health Care Financing Domestic Social Policy Division
  • Contributor : Shorter, Gary Specialist in Business and Government Relations Government and Finance Division
  • Contributor : Yacobucci, Brent D. Specialist in Energy and Environmental Policy Resources, Science, and Industry Division
Partner:
UNT Libraries Government Documents Department
Collection:
Congressional Research Service Reports
Identifier:
  • CRS: CRS_Auto_Industry_Report | Check for Other Editions
  • LOCAL-CONT-NO: CRS_Auto_Industry_Report_2008Dec03
  • ARK: ark:/67531/metadc83869
Resource Type: Report
Format: Text