Country Life In The City

Following My Nose

Archive for November, 2008

US Auto Bailout Bid Fails – For Now

Friday, November 21st, 2008

Despite speculation that the Obama victory would increase the chances of an Auto industry bailout, the Detroit Bid failed to impress Democratic Congressional leaders on Thursday. Their bid for $25 billion was refused and they were given 12 days to come up with a more convincing plan to demonstrate that the money would be well [...]

Auto Industry Faces More Recession Fears

Tuesday, November 18th, 2008

More bad news this week. Major companies such as BT, Virgin Media and RBS are cutting thousands of jobs, the Bank of England thinks that the economy is already in recession and jobless totals are predicted to rise to three million by mid-2010. For Land Rover and the beleaguered British car industry, the weeks events [...]