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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.

New Mustang hits the silver screen

THE ALL-NEW Ford Mustang is following is ancestors onto the silver screen when it makes it film debut in Need for Speed, which is out on 14 March. Starring Aaron Paul, the film uses a bright red Mustang Fastback. The film’s director, Scott Waugh, said: ‘I chose the Mustang because it is a car that represents American culture and modern muscle cars.

Honda tears up its old product plan

Honda Motor Co. is reviewing its entire lineup with the aim of building less expensive and more fuel-efficient vehicles, Honda CEO Takanobu Ito says. In the case of some next-generation products--including the crucial Civic platform used on a variety of vehicles worldwide--that means making major changes to vehicles already well along in the development process.