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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.

Alfa Romeo MiTo Quadrifoglio Verde at Frankfurt

Alfa will be bringing the 170bhp Alfa Romeo MiTo Quadrifoglio Verde to Frankfurt Alfa Romeo has revealed that they’ll be bringing the  MiTo Quadrifoglio Verde (MiTo four leaf clover) to the Frankfurt Motor Show next week, featuring a 170bhp Multiair engine as we reported back in June (goodness, we’re ahead of the game sometimes!). The ‘Quadrifoglio’ bit refers back to Alfa’s racing history, and was the emblem used on those cars and was most recently seen on special editions of the Alf GT and 147. But the biggest news, apart from the extras and the paint job, is the clever Multiair system that Alfa is busy introducing.

Range Rover Sport (2013) first official pictures

Here’s the new Range Rover Sport, the third all-new Range Rover to be unveiled in the past 30 months. The design cues stem from the language established by the 2010 Evoque, while the lightweight, all-aluminium architecture is shared with the 2012 Range Rover. The result is a muscular, handsome car which promises to be faster, more frugal and more agile than its hugely successful predecessor.