Government Policy and Infrastructure news

Dollar dazzlers

GM's CFO admits the company won't make its June 1 repayment deadline, and will take its chances with its debtors instead, while Ford is offering dealerships for a dollar.

More good news from Ford: debt down by US$9.9 Billion

There's still a long way to go for the Blue Oval, but restructuring initiatives will reduce its overall debt by 28 percent.

February vehicle sales down 21.9 percent

This month's VFACTS sales figures show more short-term doom and gloom for the local market, but spirits (and sales) should rise by June.