Corvette C3 Logo On Polished Stainless Steel License Plate on 2040-parts.com

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.

2014 Skoda Octavia Scout revealed ahead of Geneva Motor Show debut

The 2014 Skoda Octavia Scout (pictured) debuts at Geneva A more rugged, pseudo off-road estate car is a sensible compromise for buyers looking for a bit more ruggedness than a regular estate car offers, but without going to a full-blow SUV or Crossover. So it makes a lot of sense for Skoda to go the ‘Allroad’ route with the Octavia Combi (estate) and give it a touch more rufty tufty and a new name – the Skoda Octavia Scout. The 2014 Octavia Scout has been revealed ahead of a debut at the Geneva Motor Show next month and comes with all the butch add-ons you’d expect.

Warm up for Cars 2 with new preview

Lightning McQueen, Tow Mater and a new cast of characters get back on track this Friday as Cars 2 hits theaters. We've already given you some early info. But now our friends at Disney and Pixar have posted a five-minute clip from the movie on the Internet.