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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.

2012 BMW M6 Coupe & M6 Convertible first video & new pictures

New video and new photos of the 2012 BMW M6 Coupe and Convertible The 2012 BMW M6 was revealed at the weekend, and today we have the first videos of the coupe and convertible, and new photos too. As is their wont, BMW choose Sunday morning to reveal the new M6 – as the BMW M6 Coupe and BMW M6 Convertible – with plenty of photos and most of the detail. Now, just 48 hours on, BMW has managed to come up with a pair of short promotion videos – one for the M6 Coupe and one for the M6 Convertible – and some extra photos.

NYC approves Ford Transit Connect for taxi fleet

New York signed off on the Ford Transit Connect to be used for taxi service, paving the way for the nation's largest city to begin switching to the small van in place of the aging Crown Victoria. The move was announced Thursday after a public hearing; New York joins Boston, Philadelphia and Chicago on the list of major cities that have approved the vehicle for taxi service. The Transit Connect (and Taurus sedan) is approved for use now, but a Nissan van will become the exclusive vehicle in 2013.