Currently, electric car news has been dominated lately by the Nissan Leaf with the Ford Focus EV and even the Mitsubish i waiting silently in the charging station. General Motors, who has been relentlessly pushing its Chevrolet Volt and Voltec technology, just announced its first real entry into the all-electric powered fray during World Environment
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Automaker Daewoo is experiencing a liquidity problem due to the global recession. Recently, General Motors has taken advantage of an equity rights issue to gain a larger stake in the company as part of its ownership as the GM Daewoo Auto & Technology of South Korea. GM increased its stake in Daewoo from 50.9 percent
The fact that the auto industry has become truly global affords the major automakers the opportunity to ask for bailout money from more than one government. Take General Motors, for example.The U.S. division of GM is receiving a low-interest loan from the U.S. government and is expecting to get more money after it submits a
The Asian economic markets are often times immune to the ups and downs of their brethren in Europe and North America. During a recessionary period in the early 1990s, Asian companies were buying most of the available real estate in an over the top buying spree. And while the economy was booming here in the