TARP on the U.S. Automotive Industry

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While it remains too early to tell whether Treasury's intervention in and reshaping of the U.S. automotive industry will prove to be a success, there can be no question that the government's ambitious actions have had a major impact and appear to be on a promising course. Even so, the companies that received automotive bailout funds continue to face uncertain futures, taxpayers remain at financial risk, concerns remain about the transparency and accountability of Treasury's efforts, and moral hazard lingers as a long-run threat to the automotive industry and the broader economy. This book examines the impact and implications of TARP on the U.S. automotive industry.