Just How Bad Are Things for GM and Chrysler?

Without the US government bailout of GM and Chrysler, both are insolvent according to Sean McAlinden, Chief Economist for the Centre of Automotive Research in Ann Arbor, Michigan … just down the road from Detroit. McAlinden also suggests that GM is not in a position to meet the initial loan conditions set down by the […]

US Car Industry Bail-out Fails

So the bail-out plans for the American car industry didn’t get through Congress? Well in the long-term that’s probably a good thing because it means that we could see a real change in the car industry world-wide. In the short-term it’s probably a good thing too because it really did look as though Congress wanted […]

Bad Economic News Continues for the Car Industry

In America General Motors is expected to announce the suspension of development work on a range of future models. One of Ford’s biggest parts suppliers has announced the closure of five plants as demand for its products dries up. The big three manufacturers in the US are reported to be planning on approaching the White […]

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