03 04 05 Neon L. Side View Mirror Power W/o Folding 414246 on 2040-parts.com

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.

MG 3 arrives in the UK next month – price from £8399

All the UK models of the new MG 3 (pictured) will cost under £10k MG revealed the UK MG 3 back in June as their design centre in Birmingham, and it’s not a terrible looking thing – at least from some angle. But whether the relatively low tech and the implication that this is the rebirth of MG Motors will be enough to persuade UK buyers in remains in doubt. What will help is a relatively modest entry point, and the MG3 is starting at £8,399 when it goes on sale in the UK in September.

Gordon Murray T.25: More detail & photos

The Gordon Murray T25 We’ve already made our feelings about Gordon Murray’s ‘T’ cars clear. We think Gordon – creator of the McLaren F1 – is on exactly the right track for City Cars – either the T.25 or it’s electric sibling the T.27 – looking to create cheap to manufacture, small, light and very strong cars powered by either a small, 3-pot engine or by an electric motor. And today we get more detail – and photos – of the T.25, the ICE version.