Yesterday it appeared the US Government was prepared to give Chrysler additional aid and a thirty day deadline to complete its joint venture plans with Fiat. Now it looks as though Chrysler and Fiat may have already set up the “framework of a global alliance”.

Nothing has been officially confirmed yet; however Chrysler has released a [...]

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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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General Motors and Chrysler could be in worse trouble than either company has let on, which, given the acknowledgement of both manufacturers that bankruptcy is a genuine danger, is really saying something.

To date, the two companies have received US$17.4 billion in government aid, and both are hoping to receive an extra $21.6 billion between them.

The [...]

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More grim tidings today with news that GM’s European operations could be staring at the prospect of collapse in coming weeks, if European governments do not come to its aid.

According to GM Chief Operating Officer Fritz Henderson, funding to the tune of €3.3b (AU$6.4b, US$4.1b) is needed to assist the separation of Opel and Vauxhall, [...]

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