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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.

Japanese Grand Prix (2013) RESULT

Japanese Grand Prix (2013) RESULT With four more races left on the F1 calendar after the Japanese Grand Prix, can Sebastian Vettel take the drivers title in Suzuka? That was the question on everyone’s lips this morning as the Japanese Grand Prix started, with Vettel in second on the grid alongside team mate Mark Webber on pole,. with the Mercedes of Lewis Hamilton and the Lotus of Romain Grosjean lurking on row two to spoil the German’s party.

LA Auto Show Design Challenge theme: 'Sensing the Future: How Will Cars Interact with Us In 2029?'

The Los Angeles Auto Show has confirmed the theme for its annual Design Challenge. This year marks the eleventh time the contest has been held, and eight global design studios will each produce a concept to showcase a connected vehicle or interface system in response to the theme: 'Sensing the Future: How Will Cars Interact with Us In 2029?' The show's organizers have confirmed that BMW Group DesignworksUSA, Honda USA, Honda Japan, McLaren Automotive, Nissan, Peterbilt Motors, Qoros Auto, and SAIC Motor MG will all take part. "Los Angeles is one of the world's most dynamic cities constantly keeping its eye on the future of technological advancements that largely affect our daily lives," said Lisa Kaz, President of the LA Auto Show.