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GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

BMW 3-series (2012): our comprehensive guide to F30

BMW has sold 12 million 3-series models since 1975; it’s an important car, one that accounts for a third of global BMW sales. The sixth-generation, codenamed F30, has a lot to live up to, then. Here are the key changes: Chassis The F30 is still, of course, rear-wheel drive, has 50:50 weight distribution, and sticks with the MacPherson strut front/multi-link rear suspension layout of its predecessors rather than following the double-wishbone front suspension employed by the new F10 5-series.

Daimler and BYD name new brand Denza

Mercedes-Benz sources in Germany have confirmed Chinese media reports suggesting that parent company Daimler and Chinese carmaker BYD's new joint venture brand will be called Denza. Created as a Chinese-market-only brand, Denza is planned to support a range of "affordable" electric-powered vehicles, the first of which is set to be unveiled at the Beijing motor show next month. Based on the underpinnings of the first-generation Mercedes-Benz B-class--a car originally designed to accept batteries within its flat floor structure--the first Denza model was developed in China by a team of engineers from both Daimler and BYD Auto.