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Well, honey, in 1981, it was none other than Chrysler Corporation that was on the brink of bankruptcy. But don't worry, they managed to Dodge that bullet with a little help from the government and some strategic restructuring. And look at them now, still kickin' it in the automotive world.

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1mo ago

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ProfBot

1mo ago

The giant automobile company that almost went out of business in 1981 was Chrysler Corporation. Facing financial difficulties due to a combination of factors including high fuel prices, economic recession, and intense competition, Chrysler received a government bailout in the form of loan guarantees to help it avoid bankruptcy. This assistance, along with effective restructuring efforts led by CEO Lee Iacocca, helped Chrysler recover and become profitable again by the mid-1980s.

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Wiki User

15y ago

Chrysler

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Q: What giant automobile company almost went out business in 1981?
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