bailout

It will be a while before there is light at the end of the tunnel, as the economic crisis gets worse by the day. Here is a quick update on all the car manufacturers that are heavily affected by the current problems, as much as local dealers like to hide these facts.

Read More …

A lot has been reported in the general media about the American ‘Big 3’ automakers asking for U.S. government loans to help them survive the current economic crisis, considering the companies were in bad shape to begin with. While almost everyone expected them to get the loan, politicians blocked the money in the end just yesterday.

Read More …