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Auto Sales and the 2007-09 Recession | St. Louis Fed
https://research.stlouisfed.org/publications/economic-synopses/2019/07/05/auto-sales-and-the-2007-09-recession
Auto Sales and the 2007-09 Recession by Bill Dupor One of the hardest-hit sectors during the most recent recession was autos (see figure). New vehicle sales fell nearly 40 percent. Motor vehicle industry employment fell over 45 percent. Faced with bankruptcy, Chrysler and General Motors were bailed out by the U.S. government using TARP funds.
World motor racing 2009; the economic toll | HuffPost …
https://www.huffpost.com/entry/world-motor-racing-2009-t_b_166178
But you might not recognize racing in its 2009 version. Motor racing of all types became a huge draw during the First Great Depression, from 1929 until the start of WWII. Today, though, in this Second Great Depression, motor racing is …
SLOWING DOWN - Los Angeles Times
https://www.latimes.com/archives/la-xpm-2009-feb-05-sp-econ5-story.html
At Texas Motor Speedway, one of several owned by Speedway Motorsports Inc., “you can see NASCAR Sprint Cup races in 2009 in a reserved seat for as little as $20,” track President Eddie Gossage said...
Richard Petty Motorsports Hit Hard by Recession - The …
https://www.nytimes.com/2009/06/14/sports/autoracing/14petty.html
June 13, 2009 From behind those trademark shades, Richard Petty has seen just about everything during a half-century in racing. But even The King, as Petty is known, has been caught off guard by...
The auto industry barely survived the Great Recession. …
https://www.cnn.com/2019/03/29/business/auto-bailout-anniversary/index.html
Auto sales plunged. Anxieties flared. On March 30, 2009, newly-elected President Barack Obama announced that the government would provide GM and Chrysler with a lifeline. It was one of the most...
Effects of the 2008–2010 automotive industry crisis on …
https://en.wikipedia.org/wiki/Effects_of_the_2008%E2%80%932010_automotive_industry_crisis_on_the_United_States
Following dramatic drops in automobile sales throughout 2008, two of the "Big Three" U.S. automakers – General Motors (GM), and Chrysler – requested emergency loans in order to address impending cash shortages. By April 2009, the situation had worsened such that both GM and Chrysler were faced with imminent bankruptcy and liquidation.
Auto Manifesto: Racing Recession
http://www.automanifesto.com/2008/12/racing-recession.html
Racing Recession Porsche, Honda, Subaru and Suzuki have all pulled out of various racing series due largely to the recession. It appears that economic conditions just further emphasized how pointless much of the spending in racing is. ... For auto racing to survive it has to improve the quality of racing while keeping budgets reasonable and ...
2009 Financial Crisis: Explanation, Timeline, and Bailouts
https://www.thebalance.com/2009-financial-crisis-bailouts-3305539
The financial crisis of the Great Recession worsened in 2009. In March, the stock market plummeted even more, panicking investors who thought the worst was over. Foreclosures rose, despite government programs that just didn't do enough. In October, the unemployment rate rose to 10% for the first time since 1982.
Automotive industry crisis of 2008–2010 - Wikipedia
https://en.wikipedia.org/wiki/Automotive_industry_crisis_of_2008%E2%80%932010
The automotive industry crisis of 2008–2010 formed part of the financial crisis of 2007–2008 and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry.
Auto M&A—Lessons from the 2008 recession | Deloitte …
https://www2.deloitte.com/us/en/insights/industry/automotive/2008-financial-crisis-lessons-learned-automotive-m-a.html
Overall, the recovery in automotive M&A transactions from the last recession was led by asset divestitures and surgical carve-outs that increased 56% from 2006 to 2009. During this period, transaction values were largely below US$250 million as OEMs and suppliers exited noncore or distressed portions of their portfolio. 6
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