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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.

Mini Vision concept: what does it say about the brand's future?

The sight of Mini design head Anders Warming presenting a holographic, 3D projection of the Mini Vision concept as if appearing in his own cartoon was certainly a new one on us, but it captured the quirky, slightly left-field image the subsidiary of BMW Group has cultivated since its relaunch 13 years ago. As the 'Vision' tag suggests, this is billed as a marker of intent for the brand's future design direction rather than a pre-production teaser of the new Mini hatchback (Cooper in most markets) we'll see later this year. However if the third-generation 'new' Mini doesn't look remarkably similar we'd be amazed, such is the level of productionized detailing on this purely digital model.

Why the BMW M4 is better than the M3 V8 (2013)

It’s no exaggeration to say that the turbocharged engine in the upcoming BMW M3 (saloon) and M4 (coupe) models is one of the most important engines ever produced by BMW’s M Division. No, it’s not the first turbo lump the performance off-shoot has built – you'll probably know we’ve already had the X5/X6M mutants plus the brilliant 1M and M5 and M6 – but it is the first turbo ever to slot in a production M3, the car that personifies BMW’s iconic performance sub brand, which itself has always been defined by high-revving, naturally aspirated engines. All of this explains why M’s engineers have cut their teeth on other engines first before plucking up the courage to develop the M3/M4 turbo while turning their backs on the outgoing E92 M3’s exceptional V8.