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Porsche 911 Turbo Cabriolet revealed with 197mph top speed

Porsche has revealed the new 911 991 Turbo Cabriolet and Turbo S Cabriolet range – a 197mph open-top Porsche 911. Boasting 520hp even in standard Turbo guise, and a huge 560hp in Turbo S form, the new 911 991 Turbo Cabriolet range follows hot on the heels of the new 911 991 Turbo coupe range, which MSN Cars drove back in August. Click on the image above to see how Porsche has turned a hard-top Turbo into an open-top barnstormer…

Record British car exports

By Ben Oliver Motor Industry 29 January 2008 11:27 Britain exported more cars in 2007 than in any previous year, with total production up six percent to over 1.5 million. A record 1.18m cars, or 77 percent of production, were sent overseas. Britain’s record year for car production was 1972, when 1.9m cars were produced.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.