Ratner: Auto bailout saved Michigan from bankruptcy
Filed under: Government/Legal , Chrysler , GM Without the government bailout of General Motors and Chrysler , the U.S. auto industry would likely have two fewer domestic automakers and hundreds of thousands of high paying jobs would be history. The Detroit News reports that ex auto task force chief Steve Rattner recently told an audience at a bankruptcy conference that the state of Michigan and the city of Detroit would have faced municipal bankruptcy…
Read the whole story at :
Autoblog
Topics: generalmotorsbailout, price, steve ratner, steveratner, president-obama