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GM Europe weeks from running out of cash

By 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.

Iconic Ford Mondeo Super Touring racing car on sale

As far as the Ford Mondeo is concerned, few cars can be more evocative than the British Touring Car Championship (BTCC) race cars from the late 1990s. For legions of racing fans, the Mondeo was part of the golden era of BTCC - a time when factory-backed “Super Touring” cars did battle on the race tracks of Great Britain. So when one of a trio of Ford Team Mondeo cars to compete in the final Super Touring season comes up for auction, we take notice.

Toyota FT-86 concept car: first official photos (2009): first official pictures

By Tim Pollard First Official Pictures 07 October 2009 13:31 Toyota will show off the new FT-86 'Toyobaru' – its new joint project with Subaru to build an affordable, rear-wheel drive sports coupé. The FT-86 will form the centrespiece of the 2009 Tokyo motor show later this month.Although dubbed a concept car, CAR understands the new Toyota FT-86 is in fact a near-production ready model that will launch Toyota back into the sports coupé market to battle the VW Scirocco and Honda CRZ. It's pretty compact at just 4160mm long and 1760mm wide, making it smaller than a TT or Scirocco.