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It is widely agreed that the mixed $34 billion bailout and loans of The Huge Three” by the U.S. federal authorities in 2008 saved these corporations from bankruptcy. Whereas many believed these firms ought to have been left to fail, the cumulative losses to American GDP and the effect on the unemployment charge could have been catastrophic for the U.S financial system that was already reeling. With these funds, GM, Ford, and Chrysler launched intensive restructuring efforts to give attention to cheaper, more fuel-efficient vehicles and on extra centralized manufacturing techniques. U.S. automakers have began to reduce the number of technological platforms with a higher variety of models produced from every platform so as to remain value competitive” (, 2011).
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