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GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Virgin enters 2014 Formula E championship: worth a watch?

By Damion Smy First Official Pictures 05 December 2013 12:59 Sir Richard Branson will back a Virgin-entered car in the 2014 Formula-E championship, it's been announced today (5 December 2013). It's the ninth confirmed entry for the all-electric racing series, which gets underway in September 2014. But is this high-profile entry enough to make the championship credible to motor racing fans?

Cadillac relaunches in Europe with new models for 2011

Cadillac is relaunching in the UK after a disastrous year in which its European importer went bust locking its entire stock in the hands of the liquidators. Now Cadillac is back – and it’s promising a wider range of more relevant cars than before. However, the appeal in the UK will be stymied by the admission that only two models – the CTS saloon and estate – will be engineered for right-hand drive.