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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
Frankfurt Motor Show news review: making sense of the 2013 IAA show
Wed, 11 Sep 2013Newspress Frequently the car that attracts people’s attention at motor shows is an exotic-looking beast that everyone ‑ creators included ‑ know will never see the grind of a production line. Unusually, at the 2013 Frankfurt Motor Show press day, the car on everyone’s lips was a model that many journalists have already driven, and for which dealers are already taking orders: the BMW i3. With its skinny tyres and boxy, upright stance, the all-electric model isn’t as easy on the eye as the usual headline-grabbers.
Pininfarina Hyperion
Mon, 18 Aug 2008Pininfarina took the wraps off its latest bespoke creation at the Pebble Beach Concours d'Elegance this past weekend. Called the Hyperion, one of the Titans of Greek mythology, the car was created for collector Robert Hall by the coachbuilder's Special Projects Division. It was inspired by the proportions of cars from the 1930s.