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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
Dodge Durango Special Service police vehicle released, orders now open
Mon, 19 Mar 2012Dodge has added another vehicle to the list of cars drivers should keep an eye out for if they're speeding, the Dodge Durango Special Service. Available for police, fire and “general fleet” customers, the Chrysler Group said it would begin taking orders now, with delivery expected in the second quarter of this year. “We're incredibly excited to add the Dodge Durango Special Service to our lineup of law-enforcement vehicles,” Peter Grady, Chrysler Group vice president of network development and fleet operations, said in a release.
Autorama Ridler Award goes to a woman for the first time
Mon, 01 Mar 2010For the first time in the history of the Ridler Award, the trophy was won by a woman. The 1933 Ford Phaeton, named Gold Digger, owned by Tammy Ray of Dahlonega, Ga., was judged the best of the Great Eight at the Detroit Autorama on Feb. 28.