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The economic impact of a General Motors or Chrysler bankruptcy is being debated across the country. Meanwhile, adding further downside pressure is that banks in many cases are working to reduce their exposure to the autoindustry. Further, the government may be suffering from the early stages of bailout fatigue. Laura Marcero
As March came to a close, the Obama administration found GM and Chrysler’s restructuring plans “not viable.” Chrysler was told to consummate with Fiat quickly or else. And these days a billion dollars is barely a rounding error in the money going to prop up the American autoindustry. Can I charge my new EV here?
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the green car race (see article ). “I Who will benefit? Our verdict.
With General Motors and Chrysler also showing signs of modest improvement, all looked rosy. Though the scheme proved so popular that the initial $1billion set aside for it ran out last month, auto sales only rose by 2.4 At least that was until analysts started to delve a little deeper. A money saving scheme that’s proving costly.
and Chrysler struggle to come up with business plans that regulators will embrace. and Chrysler. .&# and Chrysler. Bob Lutz’s Latest Volt Test Drive Sprinting for Green Stimulus Dollars New Subsidies for Electric Cars in Britain Electric Car Makers: Oregon Wants You G.M. rolls toward bankruptcy. Whatever B.C.G.’s
The Three Prongs of the “Green&# Energy Stimulus Pa. People-Oriented Development Current Status of REDD Financing the Fifth Fuel Peak Phosphorus - Commence Urine Recyling on Space. The Appraisal 2010 Prius Delivers Record Mileage and Accelerates. 2) Chevy Volt (2) China (2) ECOD3.SA SZ (1) 6753.T 2) Chevy Volt (2) China (2) ECOD3.SA
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