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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While GM has been operating on borrowed funds in recent times, there has been an extensive effort by the company to reduce costs and stem the financial bleeding.

GM’s renewed focus is starting to pay dividends, with GM CFO Ray Young announcing that the carmaker will not require the USD $2 billion in Federal loans it was [...]

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