Carmakers
latest news & developmentsGM trundles toward bankruptcy
General Motors will file for bankruptcy on Monday, forcing the 100-year-old carmaker into a new and uncertain era of government ownership.
Obama sets the bar high for carmakers
The White House-orchestrated ouster of General Motors’ top executive sent a chilling message to unions, management and bondholders.
SA warns against car-industry bailouts
South Africa said on Monday that industry bailouts by rich nations, especially in the carmaker sector, could be a covert form of protectionism.
Obama forming task force, drops ‘car czar’ idea
President Barack Obama has decided to form a government task force for restructuring the struggling US car industry instead of naming a ”car czar”.
Ring in the new year? The party’s over
Carmakers put on a brave face at the world’s biggest car show on Sunday, with the sales outlook bleak for the coming year.
Bush may tap bailout fund to aid carmakers
The Bush administration said on Friday it could be willing to provide emergency aid to the teetering US car industry