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Concept Car of the Week: Matra Laser (1971)

Founded in 1937, French company Matra began its activities by manufacturing military equipment such as aeronautics and weaponry. In the mid ‘60s, under Jean-Luc Lagardere's ambitious direction, the company bought Automobiles Rene Bonnet to expand its portfolio with street and racing cars. The first model solely developed by Matra was the bonkers, but brilliant, 1967 M530, which took its name from the company's surface-to-air missile the R530.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

CDN-GM Interactive Competition launched

The Car Design News - GM Interactive Competition interior design phase has launched and is now accepting uploads from students studying any kind of design course in North America and Canada. You can register and upload an initial entry right now at www.cardesigncontest.com GM's four brands: Buick, Cadillac, Chevrolet and GMC have each set a brief, of which students can choose to answer one or several. It's traditional to focus your design efforts towards the close of a design competition, but GM, and our sponsors, Dassault Systèmes and Faurecia, have mentors standing by to guide your design work, so we encourage you to begin uploading work as soon as you can.