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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Both General Motors and Nissan-Renault have been in discussions with Chrysler in recent times as the troubled US manufacturer continues to take on water. The prospect of a GM/Chrysler merger is now looking more likely. Chrysler has stated that no further talks have been scheduled with Nissan-Renault as Chrysler’s owner, Cerberus Capital Management, feels that [...]

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