1966 Pontiac Bonneville Catalina 2+2 Star Chief Gp Cluster & Dash Harness 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.

Citroen C4 Picasso five-seat

This is the new five-seat version of the C4 Picasso following the seven-seat model shown at the Paris Motor Show, which will now to be known as the Grand C4 Picasso. Naturally enough then, the two cars will compete with the standard and Grand Renault Scenics, the new Citroen C4 Picasso also tackling the handsome Volkswagen Golf Plus. The C4 Picasso shares its front half with its bigger stablemate while the rear has become more fastback in style, blackened pillars and dipping beltline also reminding of the Citroen C-Sportlounge concept.

Autoweek in review: This week's highlights

Here's a rundown of what you might have missed at Autoweek.com the past few days: --Automakers brought goodies galore to the SEMA show floor in Las Vegas. Check out all our coverage at the Autoweek SEMA show page. --After negative reception of the redesigned 2012 Honda Civic launched last spring, Honda is saying the next refresh for the Civic could be as soon as 2013, which is about a year ahead of schedule.