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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

College Exhibition: Umea Degree Show 2006

Students at Sweden's Umea University Institute of Design presented their work in the annual Degree Show in June, which included work from the Masters programmes in Transportation Design, Advanced Product Design, and Interaction Design along with projects from the Bachelor level graduates. The degree exhibition returned this year to the school following a major renovation that has greatly extended the school's facilities. 10 students graduated from the Transportation Design MA programme.

Four million drivers aged over 70

THE NUMBER of people aged over 70 who hold driving licences has exceeded four million for the first time, according to the RAC Foundation. The oldest licence holder is a 107-year-old woman, while there are 191 people aged over 100 who have licences. Once people reach 70 they must declare whether or not they are fit to drive every three years, without having to take a driving or medical examination.