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Q: When was the first Chrysler bailout and under who's administration?
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Did George Bush bailout the auto industry?

The auto bailout process actually started under the Bush administration. Some loans were made at end of Bush term. The auto companies first had to go through congress, a process that was underway BEFORE Obama came into office.


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When General Motors took the bailout under TARP, they had to restructure and streamline their operation in order to be granted the government bailout. Likewise, Hummer was eliminated and Saab was sold under the bailout restructuring. Long and short, it was just a brand that GM determined was expendable at a time when they were facing bankruptcy.


What production car had the first power steering?

Chrysler Corporation introduced the first commercially available power steering system on the 1951 Chrysler Imperial under the name Hydraguide.


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"During the worst times the stock of Chrysler fell to under $2.00 per share. I found one account that said it went as low as $1.50. By December of 1982 Chrysler stock was $15 per share. In 1983 Chrysler bought back the warrants issued to the Treasury at about $21.50 per share, a $300 million plus profit for the government. On August 11, 1983 the stock price closed at $26.75. In March of 1987 Chrysler declared at 3 for 2 stock split. At that time the stock was over $52 per share." - from istockanalyst.com article "The First Chrysler Bailout"


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When did power steering become commercially available?

Chrysler introduced the first commercially available power steering system on the 1951 Chrysler Imperial under the name Hydraguide.


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When did the Vietnam war occur?

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