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The Bill and Melinda Gates Foundation, which is sponsoring the Guardian's Global development site is being heavily criticised in Africa and the US for getting into bed not just with notorious GM company Monsanto, but also with agribusiness commodity giant Cargill.
The announcement of a new plant employing just 100 workers might seem like a long shot to attract the chief executive of General Motors, two senators and a raft of state and local officeholders from across Michigan.
But in a state that has lost 800,000 jobs this decade, 18 percent of its work force, the Aug. 13 official opening of a G.M. factory to build electric-car batteries in Brownstown, about 20 miles southwest of Detroit, was a can’t-miss event.
General Motors’ Andreas Lassota speaks to Julian Rendell about the new Vauxhall Ampera, due on sale within three years, and details the brand’s plans for the electric-petrol vehicle
Raised the possibility of poss battery buyback!
Coskata, a much-touted biofuels company, is stalled.
So, for the moment, is Compact Power, a U.S. maker of lithium-ion batteries.
Why? Partly because of the global economic meltdown. Partly because both depend on General Motors.
The slow-motion train wreck that is the US car market is looking less slow every day
The chief executives of General Motors Corp. (GM) and Ford Motor Co. (F) said Wednesday they wouldn’t accept a $1 salary in exchange for government aid to their imperiled companies, as the head of the former Chrysler Corp. did a generation ago.
During a hearing Wednesday, a member of the House Financial Services Committee told Rick Wagoner of GM and Alan Mulally of Ford that reducing their annual salaries to $1 would be an important symbolic gesture as they lobby for $25 billion in loans funded by tax dollars. Chrysler’s Lee Iacocca worked for that wage when his company was bailed out by the government in the 1980s.
Ford and GM are re-tooling to make smaller more fuel efficient cars in response to the collapse of the SUV market
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