Was there a bail out for American Motors or Packard/Studebaker ?

Posted on June 9th, 2009

american motors
chorle asked:


Is Chrysler the only auto company to get government loans?

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3 Responses to “Was there a bail out for American Motors or Packard/Studebaker ?”

  1. The Gipper Says:

    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.

  2. quikzip7 Says:

    Oh Hell, back then the gov’t didn’t have 700 billion dollars

  3. Jim B Says:

    No, American Motors went out with barely a word of thanks for the memories. But they did make the “Pacer”, so…

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