During the 1950′s the “Big Three” engaged in a massive pricing war that absolutely destroyed the smaller independent automakers. Today they are remembered as great automakers that have since passed on. Though there have been automakers to receive government aid well before the Chrysler bailout given by Jimmy Carter. After WW2 several start-up auto companies were literally given factories in order to manufacture automobiles. These factories had belonged to large manufactures to build war material, and after the war they no longer served a purpose, so the government gave very friendly deals to these start-ups in order to get the factories up and running again. Companies like Henry-J, Tucker(a sad story), and other small manufacturers took these factories and began production. These cases were not really a bailout but it was definitely a case of government aid.
June 13th, 2009 at 11:20 pm
During the 1950′s the “Big Three” engaged in a massive pricing war that absolutely destroyed the smaller independent automakers. Today they are remembered as great automakers that have since passed on. Though there have been automakers to receive government aid well before the Chrysler bailout given by Jimmy Carter. After WW2 several start-up auto companies were literally given factories in order to manufacture automobiles. These factories had belonged to large manufactures to build war material, and after the war they no longer served a purpose, so the government gave very friendly deals to these start-ups in order to get the factories up and running again. Companies like Henry-J, Tucker(a sad story), and other small manufacturers took these factories and began production. These cases were not really a bailout but it was definitely a case of government aid.
June 15th, 2009 at 4:11 am
Oh Hell, back then the gov’t didn’t have 700 billion dollars
June 18th, 2009 at 9:37 am
No, American Motors went out with barely a word of thanks for the memories. But they did make the “Pacer”, so…