the main reason the us automotive industry survived the financial crisis of 2008 was that it\nlaid off many…

the main reason the us automotive industry survived the financial crisis of 2008 was that it\nlaid off many employees.\nreceived government loans.\nmanufactured larger cars.\nbroke union contracts.

the main reason the us automotive industry survived the financial crisis of 2008 was that it\nlaid off many employees.\nreceived government loans.\nmanufactured larger cars.\nbroke union contracts.

Answer

Brief Explanations:

During the 2008 - 2009 financial crisis, the US automotive industry (GM and Chrysler in particular) faced severe difficulties. The government provided loans through the Troubled Asset Relief Program (TARP) to prevent their collapse. Lay - offs, making larger cars, and breaking union contracts were not the main reasons for their survival. The loans gave them the necessary liquidity to restructure.

Answer:

received government loans.