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ChiefOfficers.Net

A US insolvency judge has approved Chrysler signing the death warrant of 789 dealerships in the effort to save the company, or at least part of it. And another court approves the disposal of of some of it to Fiat.

Editorial Staff
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General Motors is breaking up. When this newspaper suggested that US car makers had too many competing brands and not enough direction, plus too many attempts to fill niches which are best filled by specialist manufacturers, that view was not popular. Now that approach is at the core of GM's rescue plan as Hummer and Opel are sold off.

Editorial Staff
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Don't be under any illusions: GM didn't start dying within the last two years. It has been suffering from a terminal illness for thirty years. It is doubtful if the latest operation will bring anything but respite.

Bryan Edwards
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Two days ago, the British government told TATA that it would not underwrite loan guarantees without conditions (story). TATA didn't like that - and said the UK Government was putting jobs at risk. Today, TATA owned CORUS, the rump of what was British Steel, says it is mothballing its Teesside plant at a cost of 2,000 jobs.

Editorial Staff
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Having failed in its initial bid to gain support from the British government via Peter Mandelson, TATA is now playing hard-ball with the UK's Labour Party in its bid to get its purchase of Jaguar Land Rover underwritten by the UK taxpayer. It's getting dangerously close to a foreign company playing power broker in UK politics.

Editorial Staff
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Ah, LDV. Time was when Leyland Bus and Truck was the global leader in - well, buses and trucks. The Leyland Atlantean and its close sibling the Daimer Fleetline are still the iconic vehicles that underpin (in spirit, at least) the world's public bus transport system even today. Now a mere shadow of its former glory, LDV makes light vans - and does it very well. But it's a highly competitive market.

Editorial Staff
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It might sound ridiculous but when Ford announced today that it had lost "only" USD 1,400 million people were happy. For they had expected it to lose more.

Editorial Staff
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Whilst Obama lords it over a meeting of his new best friends - the bankers - Rick Waggoner of GM becomes the scapegoat - someone had to go to prove Obama's got steel under that smile.

Editorial Staff
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It is difficult to understand the failure of Ssangyong. They make great cars, build them well and sell them at keen prices. Yet for the third time in just over a decade, it stands on the brink of disappearing.

Editorial Staff
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It may say "Daimler" on the doors, but it says "Mercedes-Benz" on the cars, and that's what has attracted almost euro2 milliard of Abu Dhabi money into the company.

Editorial Staff
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