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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.

McLaren P1: The Bahrain Photo Shoot

On a tour of the Middle East – and ahead of a debut at the Geneva Motor Show – the McLaren P1 has been photographed at the Bahrain International Circuit. That drip of information has included everything from the development version of the P1 on video, the first view of the instruments on the P1 and, most recently, the first interior photos of the P1. Now, whilst McLaren are busy touring the P1 round the Middle East, they’ve taken the opportunity to get a new set of stunning photos of the McLaren P1 at the Bahrain International Circuit showing the P1 in a set of beautifully lit and shot photos.

Porsche Macan means 1,000 extra jobs at Porsche

The Porsche take on the Audi Q5 – the new Porsche Macan – looks set to be Porsche’s biggest selling model ever and means 1,000 new jobs at Porsche. The ‘baby’ Cayenne – the Porsche Macan – is Porsche’s take on the Audi Q5 and a model that looks set to take Porsche’s sales to levels undreamed of a decade ago (pre-Cayenne). But although the Macan is based on the Q5 – just as the Cayenne shares its underpinnings with the Q7 and Touareg – Porsche say it will still be a red-blooded Porsche – the ‘Sports’ car in its sector – when it goes on sale later in 2013, so we don’t expect to see a lethargic eco diesel under the bonnet, although a fettled 2.0 litre TDI is highly likely.