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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.

2010 Ford Mustang: Saleen plans two go-fast models for next year

Saleen, the famous performance brand, lives. And it's looking to roll out two go-fast Mustangs in the next year. The first will be unveiled at Mustang Week in Myrtle Beach, S.C., later in July.

Chevrolet Volt plug-in hybrid: the leaked photos

By Tim Pollard First Official Pictures 09 September 2008 12:00 Images of the production Chevrolet Volt plug-in hybrid car have leaked onto the internet a week ahead of GM's planned shindig to celebrate the brand's centenary on 16 September 2008. The Volt is a landmark model – a hybrid electric car that can run for 40 miles on battery power alone or use the onboard 1.4 petrol engine for further charge. The new Volt will also be one of the world's first plug-in hybrids when it goes on sale in 2010 (2012 for Europe), allowing it to be hooked into the mains to top up the battery.