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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.

Alan Mulally spells out the future

Ford CEO Alan Mulally is famously on-message, handing out business-card-size versions of his business plan to all and sundry, including his “One Ford” mantra. “One Ford” covers a lot of ground, but it's shorthand for Ford becoming a single entity where the right hand knows what the left hand is doing. It's close kin to the concept of building global product platforms that spread costs for product development and parts over the greatest possible volume.

BMW 'Dwelling Lab' project

One of the most interesting pieces of work shown at the recent Milan Design Week was 'The Dwelling Lab', collaboration between BMW, Flos Lighting and Kvadrat fabrics. Artists Patricia Urquiola and Guilio Ridolfo were commissioned to effectively turn a BMW 5 Series GT inside out. The car is 'exploded' - with five giant cone-like structures growing out of the windscreen, door openings etc.