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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.

2012 BMW M5 revealed in production trim

The wraps have been torn off the fire-breathing 2012 BMW M5. And, as expected, the Bavarian luxury maker is going in a different direction under the hood. BMW is eschewing a naturally aspirated powerplant in the new M5, whose high-revving roots date to the 1980s, in favor of a 4.4-liter twin-turbo V8 pushing out about 552 hp.

White is the most popular car color

White is the most popular vehicle color in the world, followed by black and silver, according to car-paint supplier PPG Industries. In North America, white was first, making up 20 percent of the 2011-model-year cars. Silver was second at 19 percent, then black at 18 percent, gray at 15 percent, red and blue tied at 9 percent, naturals such as brown, tan and gold at 7 percent, green at 2 percent and other colors at 1 percent.