Outbreak of optimism in Detroit as motor industry hopes the worst is over
• Chrysler and Fiat join forces to launch smaller, greener cars• Monthly car sales in the US have stabilised
It is too early to hang out any bunting but quietly, tentatively, a more upbeat mood is spreading in Detroit’s downtrodden, downsized motor industry.
Chrysler set out ambitious plans today to use technology gained in its tie-up with [...]
1m British jobs could be at risk
Yesterday US car companies had crunch talks with congress in which to arrange a bail out package, the figure was set at $14 billion. The bill was not granted and now because of the fall with struggling car companies the effects from this may effect up to 1 million jobs in the UK.
Workers in the [...]
Another government bail out plea
Jaguar land rover today showed that they were also suffering and desperately needed a government based loan, with a long list of other companies on the governments hit list, this shows that every sector of the economy is suffering with this being the latest company to step up to the government to help them get [...]
