INDUSTRY NEWS
BUZZ: GM in ‘intense’ preparations for bankruptcy
A source close to GM says the carmaker is preparing to file for the big B.
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.
Less pay, but jobs stay at Holden Oz
Holden has decreased its production to a single shift, but says it has done so to protect its Elizabeth plant and retain its employees.
Sube kicks on with big March
What downturn? Rex and Forester cut fine figures in latest sales results.
US MAIL: Detroit’s dramas continue …
Days of our Lives – eat your heart out. Wheels US correspondent John Lamm is on the edge of his seat as the drama unfolds in front of a damning global audience.
Not good enough: US Government rejects GM and Chrysler viability plans
UPDATED: Wagoner walks away with US$20 million while his company is left with another 60 days of conditional life support; Chrysler told to band with Fiat, or fail.
Benz boss parks the crystal ball
Uncertain year ahead but von Sanden remains positive in the face of the economy.
BUZZ: Wagoner steps down
GM’s Chariman and CEO is the latest victim of the Motown meltdown, as the US President demands his resignation before more money is lent.
Ford recalls all nat-atmo Territory SUVs
A brake hose problem has led Ford Australia to voluntarily recall all non-turbocharged MkI Territory models …
