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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.

Exclusive: Frank Stephenson to become Design Director at McLaren

Thanks to our contacts in the automotive design community, we've become aware that Frank Stephenson, who until recently was Director of Design at Alfa Romeo, will be taking on a new role as Design Director at McLaren. "McLaren is pleased to confirm that Frank Stephenson will shortly join as Design Director," a company spokesperson told CDN, but would not reveal additional details. Stephenson was not prepared to comment.

Range Rover Sport RS caught on video at Nurburgring

Range Rover Sport RS caught on video at Nurburgring The new Range Rover Sport is only just starting to fin its way on toi the road after its debut at the Geneva Motor Show in March, but Land Rover are already planning a more potent version – the Range Rover Sport RS. The ‘RRSRS’ is Land Rover’s answer to cars like the Porsche Cayenne Turbo S and comes equipped with the same supercharged V8 as the new XJR, XFR-S and XKR-S, offering around 542bhp, which should give the already very able Range Rover Sport proper supercar performance – something in the region of 4.5 seconds 0-60mph seems likely. Despite the Range Rover Sport RS blatting round the Nurburgring with a fair degree of swirly camouflage, you can already see it’s getting a new front bumper with bigger intakes and a redesign to the back bumper too.