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Obama Cancels US$1.2 Billion Hydrogen Car Fund

MON, 11 MAY, 2009

A planned US$1.2 billion development fund for hydrogen fuel cell-powered cars set up by the former Bush administration has been dumped by US Presi...

Chrysler LLC Files For Chapter 11 Bankruptcy - Signs Deal With Fiat SpA

FRI, 1 MAY, 2009

Chrysler LLC has filed for Chapter 11 bankruptcy overnight and at the same time announced what is being referred to as an ‘industry-changing’ ...

Fiat Boss Sergio Marchionne May Take Top Job In Chrysler Fiat Partnership

TUE, 14 APR, 2009

The deck chairs are still being rearranged on the deck of that ‘other Titanic’, the desperately struggling US carmaker, Chrysler LLC. Whether ...

GM, Chrysler Will Need Miracle To Avoid Bankruptcy

TUE, 31 MAR, 2009

It is getting near the end of the penny-section for GM and Chrysler.

Obama Preparing To Set Deadline For GM, Chrysler?

MON, 30 MAR, 2009

During an interview with US television show Political Capital With Al Hunt, US Treasury auto adviser Steve Rattner suggested that the talks betwee...

US Government Automotive Task Force To Arrive In Detroit Today

TUE, 10 MAR, 2009

After having spent an undoubtedly gruelling two weeks with President Obama's automotive task force - most of it, most certainly, on 'the rack...

GM, Ford And Chrysler Bail-out Imminent, US Government To Go Into Car Making Business

TUE, 9 DEC, 2008

So, after three days of talks between Congressional Democrats and the Bush administration (still quacking, but one of the lamest ducks in the hist...