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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The rumour-mill is working overtime in the automotive kingdom at the moment. Of the ‘Big Three’ American manunfacturers Chrysler is often speculated as being in the worst shape, so Vice Chairman and President Tom LaSorda has stepped forward to clarify the company’s position.

Despite suggestions that the Jeep brand is likely to be sold off separately, [...]

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While GM and Chrysler are reportedly on the verge of tying the knot, the other member of the Detroit ‘Big Three’ is apparently considering going in the opposite direction.

Reports are circulating that Ford may soon sell off its controlling share in Mazda to boost its cash reserves and help insulate it from the economic [...]

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With the United States knee-deep in financial strife and its domestic auto industry still reeling from the impact of falling sales, a decreasing market share and the burden of rising healthcare costs for an aging worker population, it was inevitable that mumblings of a merger between some of America’s biggest automakers would crop up.

Now, according [...]

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Which of the big three in the US – Ford, GM or Chrysler – will end up in bankruptcy? Will more than one, or all three, bite the dust? These are the questions being asked in Wall Street as sales stagnate, losses deepen, and values collapse for the giant American auto-makers in the world’s largest [...]

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