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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.

Everything is bigger in Texas, even speed limits

Texas is preparing to open a stretch of toll road this November with the highest speed limit in America: 85 mph. The road between Austin and San Antonio will stretch for 41 miles, in an attempt to alleviate traffic congestion on nearby Interstate 35. There are already roads in Texas and Utah where the posted speed limit is 80 mph.

Chevrolet Trailblazer

The 2013 Chevrolet Trailblazer made a low-key world debut at the Dubai motor show last week, before showing in LA this week. Although billed as a 'show car', Chevrolet is adamant the production version will differ only in minor details. This second-generation Trailblazer was penned in GM's South America Design Center in Brazil, where the design theme was ‘sophisticated muscle'.