US auto industry: how the Big Three got going again | Thomas Noyes
Critics are grudging in their credit, but Obama’s tough-love rescue of the American automotive industry is a huge success
Apparently, government intervention in the US auto industry is working. The much-maligned rescue of General Motors and Chrysler has revived the companies, which are selling more cars and posting their biggest profits in years. Not that Barack [...]
General Motors abandons search for new chief executive
In a bid to restore stability, car manufacturer gives job to chairman Ed Whitacre
General Motors has abandoned a search for a new chief executive, opting instead to give the job on a long-term basis to its chairman, Ed Whitacre, in an effort to restore “stability” to the cash-strapped Detroit car manufacturer.
Whitacre, a 68-year-old former telecoms [...]
