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GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Global car launches at Pebble Beach 2013

Not content with playing host to hundreds of the world’s rarest classic cars, the 2013 Pebble Beach motoring week in Monterey, California, also saw the first global public outings of several new cars and concepts. Here’s our pick of these high-profile unveilings with cars from established mega brands like BMW, Aston Martin and Cadillac as well as exotic specialists like fiercely independent Dutch brand Spyker and Moroccan supercar marque Laraki.

Mercedes AMG Performance 50 – 8 new AMG models promised

Mercedes are celebrating 45 years of AMG and looking forward to the next 5 years with AMG Performance 50 & 8 new models. Mercedes has been busy celebrating 45 years of the AMG Performance brand, with cars like the SL65 AMG 45th Anniversary rolled out to commemorate the AMG brand. Looking back is all very well, but it’s the future that matters.