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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. Chrysler, the President said, is “ more challenging ”. Tags: Market Background Policy Vehicle Manufacturers.

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Scrappage scheme scrap ends

Green Cars News

Carmakers are back on board the scrappage scheme following yesterday’s fiasco which saw the like of Ford and Honda suspend their participation in the scheme while issues over VAT payments were cleared up. Other ‘administrative issues’ over tax liabilities have now also been clarified.

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Can green cars solve automotive crisis? The Green Piece

Green Cars News

In the US, Chrysler and General Motors fell into bankruptcy; while in Japan even its major automakers have been left reeling from significant profit falls. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in green cars? Averting a slump. Why the race is on.