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Delaware Governor Jack Markell gave business leaders a decidedly negative take on two possible futures for Fisker Automotive: bankruptcy or a negotiated settlement to pay off the $170 million it owes in federal loans at a reduced rate. Neither sounds very good for the governor of the state that ...
2010 Chevrolet Equinox – Click above for high-res image galleryGeneral Motors announced that it will invest $245 million at its powertrain plant in St. Catharines, Ontario to allow the facility to gear up for production of a new, highly-efficient six-speed automatic transmission. The new ...
2010 Chevrolet Spark – Click above for high-res image gallery
Citing "rapidly deteriorating market conditions," GM announced major reductions today for its production plans starting in the first quarter of 2009. Plants throughout the US, Canada and Mexico will have shifts and lines "temporary idled" while GM deals with declining sales. All told, about 250,000 ...