Auto Industry Bailout Fully Explained in New Documentary
A brand new documentary hit select theaters recently, and it covers the government’s bailout of the auto industry in unprecedented detail. Live Another Day covers one of the biggest automotive stories to ever come out of Detroit. The events leading up to the bailout of The Big Three is rife with poor decisions, risky moves, and huge sums of money. If that sounds familiar, it’s because a lot of the undertones are straight from where the Oscar-nominated film The Big Short left off.
While Ford managed to have its finances reasonably well sorted, GM and Chrysler certainly did not. The tangled web woven up to that point nearly caused Chrysler to shutter its doors, and GM to file for bankruptcy. For GM and Chrysler, it wasn’t as simple as citing poorly selling products. That’s what Live Another Day reveals and explains in their analysis of how two of the biggest car makers were saved from the edge of extinction.
To find out where the film is playing near you, check out their website here.
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via [Live Another Day Movie]
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