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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.

Range Rover Evoque Victoria Beckham Special arrives early

Range Rover Evoque Victoria Beckham The Limited Edition of the Range Rover Evoque with Victoria Beckham’s name attached has appeared ahead of its reveal at the Beijing Motor Show. Just the other day we reported on a ‘tell us nothing’ video tease from Land Rover for the Range Rover Evoque Victoria Beckham, scheduled to arrive on Monday at the Beijing Motor Show. But it’s arrived a bit ahead of time, not something you expect from a ‘celeb’.

Ford to add or retain 12,000 jobs, invest $16 billion under UAW pact

Ford Motor Co. said today it will add or retain 12,000 U.S. jobs as part of $16 billion in planned investments under its new labor agreement with the UAW.