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.

2014 Nissan Maxima priced at $31,810

The 2014 Nissan Maxima 3.5 S goes on sale this week and costs $31,810, including destination. The upgraded Maxima 3.5 SV now costs $34,900. The S model keeps the same price as 2013, while the SV goes up about $800.

Jaguar C-X75 Hybrid Supercar ready for testing

Jaguar are ready to start road testing the C-X75 hybrid supercar next month with a 2014 launch target. Jaguar Land Rover are continuing to move strongly forward with new cars like the 2013 Range Rover, Range Rover Evoque and XF Sportbrake. But for a car maker with aspirations of being one of the leading luxury and performance marques in the world, a halo supercar is a must and Jaguar are looking to the C-X75 hybrid supercar to be their Ferrari F70 or Porsche 918 Spyder.