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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General 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.
Company cars linked to speeding
Mon, 18 Aug 2014COMPANY CAR drivers are far more likely to exceed the 70mph motorway speed limit than private motorists, according to an RAC survey. As many as 88% of those behind the wheel in firms' vehicles regularly exceed the limit compared with 67% of private motorists. Also, 62% of company of company car drivers said they reached speeds of 80mph on motorways, almost double that of regular motorists (32%).
Bentley EXP 9 F (2012) new pictures
Fri, 06 Jul 2012Bentley has today released a new series of pictures of the EXP 9 F concept car, designed to reflect the car's all-terrain ability and 'Bentley’s intent to build the fastest and most luxurious SUV in the world.' With a 6.0-litre twin-turbo W12 engine good for 592bhp and 590lb ft, you'd expect the Bentley 4x4 to be no slouch. But the big question remains: is the EXP 9 F's styling growing on the naysayers? Bentley SUV: on or off-road?