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What’s New?
Chrysler and GM Back on Track
The net income is no longer in red for automotive giants Chrysler and GM who once filed for bankruptcy in 2008. As of April 2010 the total U.S. sales have increased to 12.1% and 2% for GM and Chrysler respectively. Chrysler’s first quarterly report, for the year 2010 shows that the cash flows for the company have turned positive.
Car dealers terminated by GM spark courtship frenzy
When Saturn was yanked out of the General Motors Co. orbit last year, Bob Clute had to move quickly to line up another auto maker for his dealership in Belleville, Ont.
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