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GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

Corvette castle for sale: Could it be the ultimate Vette fan trinket?

For devotees of the Chevrolet Corvette, what price can you put on a unique piece of history? When we say unique, we mean it. There is only one house in which the undisputed godfather of the Corvette, Zora Arkus-Duntov, and his model-beautiful wife, Elfie, lived in the Detroit area.

1984 Ford Mustang SVO: American metal, European performance

If the 1978 Ford Mustang King Cobra II isn't quite your thing, why not give the 1984 Ford Mustang SVO a try? In the Jan. 3, 1983, issue of Autoweek, we previewed a different take on the pony car -- one that promised "visual subtlety with unsubtle performance." Built on the Fox platform, the Mustang SVO (for "Special Vehicle Operations") wasn't supposed to be a flashy package for the wannabe racer -- it was designed from the ground up to be a balanced road car, "a state-of-the-art performance vehicle for the absolutely no-compromises performance buyer." And when we say "ground up," we mean it.