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May

21
2014

9:00 am EDT - 12:00 pm EDT

Past Event

Recovery Road? An Assessment of the Auto Bailout and the State of U.S. Manufacturing

Wednesday, May 21, 2014

9:00 am - 12:00 pm EDT

Brookings Institution
Falk Auditorium

1775 Massachusetts Avenue NW
Washington, DC
20036

June 1 marks the 5-year anniversary of General Motors filing for Chapter 11, which had been preceded by Chrysler Motors鈥 declaration of bankruptcy. The combination of burdensome labor contracts, a legacy of massive pension and health-care costs, a run-up in fuel prices, falling market shares, and the financial crisis had come to a head by late 2008, leading to financial aid from the government under both the Bush and Obama administrations. Five years later, what are the results of the government鈥檚 interventions in the auto industry, and what is the state of manufacturing and manufacturing policy in the United States?

On May 21, the Economic Studies program at Brookings explored these questions.聽Keynote speakers included Sergio Marchionne, chairman and CEO of Chrysler, and former National Economic Council Director Larry Summers.聽In addition, one panel focused on the implications of the government鈥檚 intervention in the auto industry, and the second on the broader question of the state of manufacturing and manufacturing policy in the United States.

Recovery Road? An Assessment of the Auto Bailout and the State of U.S. Manufacturing

Panel One: Implications of the Government Rescue on the Auto Industry

Panel Two: U.S. Manufacturing and Manufacturing Policy

Question and Answer Session Two: Inside the Bail-Out

Agenda