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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.

Subaru BRZ Coupe arrives

Subaru BRZ arrives The Subaru BRZ Coupe – Subaru’s take on the Toyota GT 86 – has been revealed ahead of its Tokyo debut. So the Subaru BRZ has finally arrived in production form ahead of the Tokyo Motor Show. And it’s all a bit of an anti-climax.

Apple Watch users warned

IN THE wake of the new Apple Watch's arrival, early-adopters are being warned that using it while driving could be a deadly mistake that lands them in jail. Smart watches can issue regular updates from internet services, apps and the user’s mobile phone, but the Institute of Advanced Motorists (IAM) is urging people to turn them off while at the wheel. In a statement the IAM said: “The latest piece of wearable technology from Apple will allow users to make and receive calls, check their messages and monitor their health by operating the device on their wrists.