Green Car Congress
MARCH 30, 2009
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 ”. President Obama. President Obama.
Green Cars News
MAY 19, 2009
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.
Green Cars News
AUGUST 4, 2009
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. With few of us having the cash or credit to buy an expensive new addition, the bottom seems to have fallen out of the automotive industry which has been plunged into crisis.
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