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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.

98% fear UK road safety not improving

Research conducted for the latest issue of the Auto Trader Owner’s Guide suggests that a staggering 98% of British motorists fear that the government is failing to improve safety on UK roads. Of the 3,000 drivers surveyed for the quarterly publication, 77% also want theory and practical driving skills to be taught in schools, while 60% are convinced the coming fixed penalty fines for careless driving will do nothing to benefit safety. Find out how much a used car costs on Auto Trader On Bing: see pictures of safe cars Going further, 81% felt the ever increasing rise of in-car gadgetry, including the ability to make hands-free phone calls and check social media sites such as Facebook and Twitter, represents a “hazardous distraction” to drivers.

Ariel Atom Cup (2013) race series

Ariel Motors has announced a one-make race series for its Atom track car: the Atom Cup. Starting in 2013, it offers drivers a potentially all-inclusive package to get involved in the racing scene. What's the thinking behind the Atom Cup?