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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.

Mercedes C 63 AMG Coupé drifting at Laguna Seca (Video)

Mercedes C 63 AMG Coupé drifting at Laguna Seca To celebrate 2 million views on their YouTube Channel, AMG has taken a C 63 AMG Coupe for a bit of a blat round the Corkscrew at Laguna Seca. Car makers are slowly waking up to the joys of the Interweb as a way to promote their wares, and they’re all busy feeding their Twitter, Facebook, Google+ and YouTube channels with new content to keep fans amused. It’s never exactly the most unbiased content so it often needs taking with a pinch of Maldon’s finest, but YouTube, in particular, gives car makers the chance to showcase their cars in action, and if they can do that and makes ‘fans’ feel a part of it, so much the better.

Mercedes confirms C-class coupe to launch in 2011

Buyers seeking a blend of sportiness and luxury will get another choice in 2011: Mercedes confirmed this week it's adding a C-class coupe to its portfolio. The two-door will be built at the Mercedes plant in Bremen, Germany, where the C-class sedan, wagon and GLK are also assembled. The C-class coupe would fight the BMW 1-series, Cadillac CTS coupe and smaller Audis.