Ford says it doesn't need state aid, at least not yet. GM says it's on the verge of bankruptcy. And Chrysler says so little it seems stunned as the US Senate says it will not make direct loans to the Auto sector, pointing out that this is the job of the banks which have been told they can have USD700,000 million to fix the economy.
As the financial crisis hits the top end of spending Aston Martin, which had previously announced an extension of its Christmas shutdown has now said it will have to cut 600 jobs from its manufacturing plant.
As HSBC's management rolls around the world conducting its staff and efficiency review, an additional 500 jobs have been earmarked to be cut from the UK workforce of more than 58,000.
Around 25,000 jobs at Woolworths retail arm and 5,000 at the entertainment division are under threat as the 800-store retail giant collapses as the UK economy founders.
The UK has backtracked on a high-cost "showroom tax" on cars, and whilst the cost will reduce substantially for all cars, for some the tax will actually turn into a rebate. But it won't save the UK car industry. And behind it all, there are some very questionable dealings.
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