Transportation

The Impact on the U.S. Economy of the Successful Automaker Bankruptcies

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Study Overview

The Center for Automotive Research, using the REMI model, found that the original forecast of total job loss as a result of successful bankruptcies by GM and Chrysler together was estimated to be higher than the figures after applying historical and economic data. The original estimation on the time frame of job loss was also inaccurate as the assumption saw the majority of jobs being eliminated towards the latter half of the