General Motors

Written on November 26, 2009 – 8:36 pm | by Admin |

The United States Treasury and the Canadian government are today the majority owners in Gm after Gm on June 1, 2009 was forced to file for Chapter 11 backruptcy. This is a result of the fact that the US goverment invested $57.6 billion in TARP money in the company to save it. General Motors was [...]

General Motors Develop Greener and Smaller Cars

Written on August 16, 2009 – 12:35 am | by Admin |

The giant of the motoring industry, General Motors, who own brands like Chevrolet, GMC, Cadillac, Pontiac and Buick, have reveasleda line-up of new car £. Only last month General Motors recovered from 40 days of bankruptcy where the US Government invested $50 billion into the company, of which is now 60% owned by the taxpayers.

Now [...]