Drive Belt Idler Pulley Right Dorman 419-603 on 2040-parts.com

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.

Koenigsegg Agera R smashes six Guinness world records: Video

Koenigsegg, our favorite hard-to-pronounce Swedish supercar manufacturer, got the word on Wednesday that its latest car has broken six world records. The Agera R, which uses a twin-turbocharged 5.0-liter V8 engine, sprinted from 0 to 300 kph (186.4 mph) in a Stephen Hawking-impressing 14.53 seconds. For us nonmetric types, the Agera R also went from 0 to 200 mph in 17.68 seconds; both runs were verified with a Racelogic VBox recorder.

Concept Car of the Week: Vauxhall VX Lightning

Both Ford and Vauxhall celebrated their 100-year anniversaries in 2003, but despite much of the attention being focused on the American giant, GM's UK subsidiary unveiling its own birthday present: the VX Lightning. Revealed at the Dorchester Hotel in London in May, the Vauxhall Lightning concept was a joint project between the GM North America (GMNA) Advanced Design Studio in England and the Opel/Vauxhall Design Center in Rüsslesheim, Germany. The Vauxhall ‘V' brand motif is a recurring theme throughout the car, despite the company's relative lack of global recognition.