U.S. Auto Industry & the Role of Federal Assistance

The three domestically owned U.S. manufacturers of cars and light trucks are requesting federal financial assistance in the form of bridge loans to assure their ability to continue in business. The companies have been affected by a long-term decline in U.S. market share, the impact of a general decline in U.S. motor vehicle sales that has impacted all producers and the effects of a severe constriction of credit, resulting from problems in U.S. and global financial markets. This book reviews stipulations that Congress might impose on auto manufacturers as conditions of providing assistance.