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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.

Mercedes A-class AMG (2012) spied on video

2012 Mercedes A-Class AMG caught on video in Germany We had the very impressive-looking Mercedes A-Concept at the Shanghai Motor Show back in April, and the less than impressive-looking new Mercedes A-Class patent drawings a while later. And now we have the first spy video of the range-topping 2012 Mercedes A-Class AMG caught blatting round Stuttgart. We had high hopes for the new A-Class – which will arrive sometime in 2012 – when we saw what Mercedes had done with the A Concept, but that turned to disappointment when the more prosaic patent drawings appeared.

John Entwistle’s Rolls Royce Silver Shadow ESTATE up for grabs

John Entwistle’s Rolls Royce Silver Shadow Shooting Brake (pictured) up for sale Rolls Royce has never made an estate car – or Shooting Brake, as posh estates (and modern wannabes) tend to be badged – but that hasn’t stopped well-heeled owners from Maharajahs to rock stars turning Rolls Royces in to hunting and shooting transport for almost a hundred years. Taking the finest creations of Rolls and turning them in to a bespoke shooting brake is not a cheap hobby, but if you fancy a bit of gentrified rock ‘n’ roll history, Bonham’s have got The Ox’s (that’s John Entwistle, the Who bassist, for the younger readers) customised Silver Shadow Shooting Brake up for grabs. The Ox had the Rolls turned in to a Shooting Brake by an unknown coachbuilders back in the 1980s to carry his Irish Wolfhounds, and when he died as a result of a bit to much nose candy his Rolls Royce Shooting Brake was bought by the current owner from Entwistle’s wife.