Audi Rs4 Rear View Mirror 2007 Saloon B7 A4 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.

Audi SQ5 gets 349bhp 3.0 litre TSI – but not for the UK

Audi has revealed a petrol-engined version of the SQ5 with a 349bhp 3.0 litre petrol engine, but not for the UK or Europe. But the SQ5 was aimed at markets that ‘got’ the idea of a powerful and sporty diesel.leaving petrolheads in parts of the world where the powerful diesel hasn’t yet struck a chord feeling shortchanged. But now Audi has the answer – the Audi SQ5 TSI.

Production of U.S.-spec Lotus Exige and Elise to end in August

The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.