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Thu, 07 May 2009
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.
Sat, 21 Jan 2012
U.S. safety regulators said Friday that they've closed an eight-week investigation into the Chevrolet Volt, concluding that the plug-in hybrid's battery doesn't pose a significant fire risk following a crash. In a statement, the National Highway Traffic Safety Administration said it "does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles."
The agency said that modifications intended to reinforce the Volt's 435-pound lithium-ion battery pack that General Motors announced on Jan.
Tue, 28 Jan 2014
The one-off Ferrari SP FFX – complete with white fringe and coupe roof. Ferrari Special Operations is the division of Ferrari that relieves very well-heeled punters of vast quantities of cash to create one-off specials – just like Eric Clapton’s Ferrari SP12 EC. But a big bank account doesn’t necessarily equate to great taste, at least not if the only image we have of Ferrari’s latest one-off creation – the Ferrari SP FFX – is anything to go by.
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