Within hours, the giant will be dead. General Motors will be no more. The world’s largest car maker will file for bankruptcy in a New York court room.
With $176.4bn of liabilities - it will be the world’s largest industrial bankruptcy, the world’s third largest to date, after Lehman Brothers and Worldcom. The colossus of the [...]

Years and years ago I sat in a meeting entitled “Talking with the Enemy” where a bunch of enviros sat down with leading corporate executives and talked about the topical issues of the day.
One of the participants was the man from Volvo who talked about the company’s prototype vehicle the LCP 2000, that could, in [...]

Elsewhere in Europe, politicians have introduced a scrappage tax, whereby consumers are given incentives to scrap their vehicles and buy a newer, cleaner model.
Although the motor industry is trying to say this has major environmental benefits, any detailed cost benefit analysis – including the cost of making the new car – seriously calls this into [...]

Flush from his “successful” summit at the G20, UK Prime Minister Gordon Brown is now preparing for his next test: his budget in two weeks times.
His room for manoeuvre is limited with the pot of money largely seen as being empty. Even still Brown is promising a green Budget month to kick start moves towards [...]

Who would be a car-maker these days? The days of excessive glamour, speed and size are over and numerous global giants are limping along on life-support.
The Obama Administration may have forced GM’s chairman and chief executive, Rick Wagoner, late last month, but there are still rumours that GM might have to file for bankrupty.