Automotive Industry Financing Program
The objective of this program is to prevent a significant disruption of the American automotive
industry that poses a systemic risk to financial market stability and will have a negative effect on
the real economy of the United States. The program will require steps be taken by participating
firms to implement plans that achieve long-term viability.
The United States Department of the Treasury will determine eligibility of participants and allocation of
resources under the Emergency Economic Stabilization Act (EESA) pursuant to the Program.
Institutions will be considered for participation in the Automotive Industry Financing Program on a
case-by-case basis. In determining whether an institution is eligible for participation, Treasury may
consider, among other things:
1. The importance of the institution to production by, or financing of, the American automotive
2. Whether a major disruption of the institution’s operations would likely have a materially adverse
effect on employment and thereby produce negative spillover effects on overall economic
3. Whether the institution is sufficiently important to the nation’s financial and economic system
that a major disruption of its operations would, with a high probability, cause major disruptions
to credit markets and significantly increase uncertainty or losses of confidence, thereby
materially weakening overall economic performance; and
4. The extent and probability of the institution’s ability to access alternative sources of capital and
liquidity, whether from the private sector or other sources of U.S. government funds.
In making these judgments, Treasury will obtain and consider information from a variety of
sources and will take into account recommendations received from regulatory bodies, as
applicable, that could provide insight into the potential consequences of the failure of a particular