IN A MOVE that will have surprised no-one: General Motors US will file for bankruptcy early tomorrow morning, Australian time.

As outlined in an announcement from the Obama Administration detailing the bankruptcy process, the move will leave the US Government – and consequently, US tax-payers - with a 60 percent equity stake in the giant automaker.

The [...]

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A planned US$1.2 billion development fund for hydrogen fuel cell-powered cars set up by the former Bush administration has been dumped by US President Barack Obama.

The issue of fuel cells has been a contentious one, with many believing the technology is of dubious benefit when battery-electric cars offer a far simpler solution. The USA’s newly-minted [...]

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While GM and Chrysler are no doubt pleased at the US Government’s approval of further short-term financial aid (think of it more as a stay-of-execution than anything else), Wall Street is reportedly hurting bigtime.

Concerns about the future of the US auto industry has driven share prices downward, with the Dow Jones Industrial Average dropping 199.92 [...]

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US President Barack Obama on Tuesday (US time) addressed a joint session of Congress for the first time since taking office, and in it he laid out his plans for the world’s largest economy, currently deep in recession.

In his address, which covered a range of critical issues confronting the troubled economy including healthcare and foreign debt, the [...]

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US president, Barack Obama, has announced the first steps of a plan to make the USA energy independent. The plan includes the use of green energy and stricter fuel-efficiency targets for vehicles to reduce dependence on foreign oil.

The energy plan includes a 35 mile per gallon fleet-average fuel economy mandate which must be met by all [...]

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