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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Representatives from GM Holden and The Australian Manufacturing Workers Union (AMWU) will meet next week to discuss possible job cuts likely to come as a result of the global restructuring plan unveiled by parent General Motors this week.

The restructuring plan outlines more than 47,000 job cuts, and 26,000 of those are to be made in [...]

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