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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.

Peugeot 308 GT THP and 308 SW (2008): first official pictures

By Mark Nichol First Official Pictures 19 February 2008 09:37 Peugeot is hammering the final nails into the coffin of the 307 with two new additions to the 308 range – a warmed-up 308 GT THP and a practical SW estate – both due to be unveiled at the Geneva Motor Show in March 2008. Peugeot has given that ‘Lion’s nose’ bonnet a bit more, erm, growl by dropping the 175bhp engine from the 207 GTi into it. That means 0-62mph comes up in 8.3 seconds while the top speed is 140mph.

McLaren MP4-12C performance specs released

The twin-turbo, 3.8-liter V8 in the McLaren MP4-12C sports car cranks out 592 hp at 7,000 rpm, according to factory performance specs released on Sunday. The engine hits its torque peak of 443 lb-ft at 3,000 rpm and holds it up to 7,000 rpm. That power gives the MP4-12C a top speed of 205 mph.