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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
Jaguar C-X75: Jaguar’s Hypercar stillborn
Tue, 11 Dec 2012The Jaguar C-X75 hybrid hypercar will not go in to production. Jaguar cite the poor economic outlook is behind the decision to scrap the C-X75. But the gas turbines soon bit the dust as Jaguar realised the technology was just not mature enough for a production car, so they replaced the gas turbines with a 1.6 litre turbocharged and supercharged petrol engine charging the batteries that powered the two electric motors, one on each axle.
CAR sets new hybrid speed world record in Infiniti M35h
Tue, 20 Sep 2011Infiniti M35h Hybrid (2011) long-term test review CAR Magazine has set a new Guinness World Record for an acceleration run in a hybrid car. Associate editor Tim Pollard drove an Infiniti M35h hybrid to record a 13.9sec time over the standing quarter mile - as quick as a Lamborghini Countach would've been in the 1980s. You can read the full four-page report in the new October 2011 issue of CAR Magazine on sale this week, but for now watch the video recording the record run at Santa Pod, the home of European drag racing.
