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How much did the U.S. government loan Chrysler to save it from bankruptcy in the late 1970s?
$1.5 billion
$500 million
$2 billion
$3 billion
Answer
On the verge of bankruptcy in the late 1970s, Chrysler was saved by $1.5 billion in loan guarantees from the U.S. government. This financial assistance helped the company to recover and return to profitability in the 1980s.
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