Can someone explain the auto crisis we have with GM, Ford, and Chrysler?

Ugly Duckling

New member
I partially know what the problem is...but I need to explain it to someone else cause they need to write a paper on it. Please use actual articles as sources if you can.

Start with why they ran into the problem and where did it start.

What did the auto companies do in response.

What happened when they tried to get the bail out money.

Maybe causes for the crisis and effects it might have on the economy?

How can I explain this to someone?
 
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