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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General 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.
Renault launches cheapo Twingo
Wed, 07 Jan 2009The Renault Twingo is a car we had to do without in the UK for years. Renault never thought it worthwhile bringing this slightly odd-ball car to the UK. Many of us drove it on holidays in Europe, where it was a mainstay of holiday rental fleets for years, but it never crossed the channel.
Mercedes-Benz GLA45 AMG is go for launch at 2014 Detroit Motor Show
Tue, 07 Jan 2014We brought you news of Mercedes’ thinly veiled Concept GLA45 AMG when it was shown at the Los Angeles Motor Show last year. Thankfully, now we can tell you about the real thing. The German firm has given the green light for GLA45 AMG, with the final production version set to make its world debut at the 2014 NAIAS North American International Auto Show in Detroit later this month.