There is an urgent need to transition to a low carbon economy. Not only would such a shift address the global challenges of diminishing fossil fuel reserves and climate change but it would create jobs.
General Motors (GM) is expected to file for bankruptcy protection later, in what will be the largest-ever bankruptcy filing for a U.S. manufacturing company.
President Barack Obama said GM and its stakeholders have achieved "a viable, achievable plan" to return GM to profitability and called the deal "tough but fair," adding it would "give th
If you think this is one of the most challenging times for an accomplished senior executive to lead, give a thought this morning to those running Chrysler.
A day after President Barack Obama again called on tough reform within the automotive industry, American-owned car components manufacturer Visteon UK Ltd has announced it has entered administra
The White House said on Thursday that President Barack Obama would unveil bailout plans for auto manufacturers before leaving for a European trip on March 31, and Canadian Industry Minister Tony Cleme
The green-themed auto industry stimulus, which demonstrates a new commitment in China towards developing cleaner energy, almost matches the 1.6 billion pounds announced by President Barack Obam
The article, citing an interview with Industry Minister Tony Clement on Friday, said the Canadian government has also looked at 'Plan B' scenarios in the event one of the companies goes bankrupt.
So when the automaker reports fourth-quarter financial results on Wednesday, investors will be looking beyond the bad news for an update on its survival plan.