While staff at General Motors and Chrysler are no doubt busy pulling on floaties and preparing the lifeboats, their Japanese equivalents are getting increasingly worried about the state of the US car industry.
“I think it will be best if General Motors is able to continue its operations,” Toyota president Katsuaki Watanabe (above) said last week.

“There [...]

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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-execution than anything else), Wall Street is reportedly hurting bigtime.

Concerns about the future of the US auto industry has driven share prices downward, with the Dow Jones Industrial Average dropping 199.92 [...]

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After having spent an undoubtedly gruelling two weeks with President Obama’s automotive task force - most of it, most certainly, on ‘the rack’ - GM and Chrysler will now play host on home turf in Detroit.

The US Government task force has been sent to Detroit to get a closer, on-the-job look at the inner workings of America’s struggling giant [...]

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