At least $2.4 billion will become available to American car manufacturers, in President Barack Obama’s latest support program for next-generation electric vehicles.

The announcement was made while the President was visiting the southern California Edison’s Electric Vehicle Institute.
“This investment will not only reduce our dependence on foreign oil, it will put Americans back to work,” President [...]

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There is nothing new in the announcement from GM’s auditors that there is “substantial doubt” about the giant automaker’s viability as a company. Who didn’t know that?

In producing its report GM’s auditors Deloitte & Touche are only doing what auditors do: running a cold blood-less eye over the integrity and accuracy of the books, casting [...]

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