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House Of Representatives Passes Automotive Transformation Scheme Bill

THU, 20 AUG, 2009

THE HOUSE OF REPRESENTATIVES has passed the Rudd Government's proposed Automotive Transformation Scheme Bill, which aims to inject an estimated $3...

US Auto Industry Woes Hit Wall Street

TUE, 31 MAR, 2009

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-ex...

General Motors' Future In "Substantial Doubt"

FRI, 6 MAR, 2009

With whispers of General Motors’ possible bankruptcy growing louder each day, auditors to the firm have released a report claiming there is...

GM Approaches European Governments For Assistance

THU, 19 FEB, 2009

It seems that if GM is to survive, it’s not going to be given an easy run.

GM Restructuring Plan: Cutting 47,000 Jobs, Seeking USD$30 Billion Aid To Avoid Collapse

WED, 18 FEB, 2009

GM US’s restructuring plan, posted on the US Treasury website, will make unpalatable reading for the US Administration and long-suffering US tax...

Fiat And Chrysler Announce Partnership Alliance

WED, 21 JAN, 2009

Recent speculation about a collaboration between Chrysler and Fiat has been confirmed.

GM North America To Shrink To Four Brands

TUE, 13 JAN, 2009

General Motors has officially announced their plans to keep operations afloat in North America.

Tesla Model S Sedan May Be Delayed Without Federal Loan

THU, 11 DEC, 2008

A corporate reshuffle and worker lay-offs evidently hasn't been enough to reverse Tesla Motors' woeful financial fortunes, and the electric car ma...