US President Barack Obama has announced that the US Federal Government will supply further aid to General Motors and Chrysler.

The news comes hot on the heels of the US government’s announcement that it would determine an official deadline for carmakers seeking additional Federal aid.

At the least, President Obama’s latest announcment that Treasury purse strings will be [...]

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Following the news that General Motors would be pursuing further financial aid from the US Government, Chrysler is now seeking similar aid - US$5 billion (AUD$7b) - on top of the US$4 billion it has already received.

The USA’s third-largest car maker says it expects the current downturn in the US market to last another three [...]

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