Automotive Industry Financing Program

E79683

The Automotive Industry Financing Program was a U.S. government initiative that provided emergency financial support to major American automakers and related companies during the late-2000s economic crisis to prevent their collapse and stabilize the auto sector.

All labels observed (2)

How this entity was disambiguated

Statements (45)

Predicate Object
instanceOf United States government program
economic stabilization program
administeredBy U.S. Department of the Treasury
aimedToProtect U.S. manufacturing base
U.S. taxpayers
alsoKnownAs AIFP
appliesToJurisdiction United States
beneficiary Chrysler
Chrysler Financial
GMAC
General Motors
auto parts suppliers
country United States
endCause stabilization and recovery of U.S. auto industry
follows Great Recession
late-2000s financial crisis
fundingSource Troubled Asset Relief Program funds
governmentBranch executive branch of the United States
hasEffect helped preserve U.S. manufacturing jobs
prevented disorderly bankruptcy of major U.S. automakers
supported restructuring of Chrysler
supported restructuring of General Motors
implementedBy Office of Financial Stability
industry automotive industry
legalBasis Emergency Economic Stabilization Act of 2008
partOf Troubled Asset Relief Program
policyArea economic policy
financial stabilization
industrial policy
purpose prevent collapse of major American automakers
provide emergency financial support to the U.S. automotive industry
stabilize the U.S. auto sector
reasonForInitiation risk of large-scale job losses in auto sector
severe liquidity crisis in U.S. auto industry
relatedTo Chrysler Chapter 11 reorganization
General Motors Chapter 11 reorganization
U.S. auto bailout
riskType credit risk
sector auto finance
auto manufacturing
startTime 2008
timePeriod late 2000s
usedInstrument equity investments
loans
warrants

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

U.S. auto industry crisis of 2008–2010 programUsed Automotive Industry Financing Program
Office of Financial Stability (historical) programAdministered TARP Automotive Industry Financing Program
linked to: Automotive Industry Financing Program
Troubled Asset Relief Program keyProgram Automotive Industry Financing Program
Emergency Economic Stabilization Act of 2008 relatedProgram Automotive Industry Financing Program
AIFP fullName Automotive Industry Financing Program