Bail Out Case Study

Words: 151
Pages: 1

America’s love of the automobile has not waivered since its inception in the beginning of the 20th century. This industry, until well into the 1980s’ was dominated by a group of automobile manufacturers known as the “Big Three”, General Motors (GM), Ford and Chrysler. General Motors Corporation has been able to grow from an entity that began by building horseless carriages to mechanical wonders such as the Chevrolet Volt. This Corporation has gone from a private entity to a publicly held company, endured world wars, the economic market crash of 1929 and the depression from 1930-1939 that followed, world economic changes brought on by labor and oil market changes and global competition (Japan) and finally a government “Bail Out”. Very few