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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.

Insurers urged to show old premiums

CAMPAIGNERS are urging insurers to show last year's premium alongside any renewal quote they give to prompt people to shop around more for a better deal. Research by Which? found that nearly nine out of 10 (85%) people would find it useful to have the amount they paid last year on a renewal letter for any type of premium such as car or home insurance.

Bentley Continental GT Speed (2007): first official pictures

By Ben Pulman First Official Pictures 01 August 2007 07:45 Does Bentley never stop? Apparently not, and with the might of the VW Group behind it, little can slow expansion at the Crewe firm. It's just announced that in the first half of 2007 it delivered 5600 cars - and this year should be the first time Bentley breaks into five-figure sales.