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GM posts wider loss, burns through $5.2 billion in cash
Thu, 26 Feb 2009General 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.
Ferrari 458 Italia Spider leaks out. Probably.
Sat, 20 Aug 2011Ferrari 458 Italia Spider leaks out - probably It’s only a couple of weeks since we reported that Ferrari would be taking the convertible 458 to Frankfurt, and now we have a set of three leaked photos of the Ferrari 458 Italia Spider in all its glory, doubtless leaked out from a magazine printers. We’re not completely convinced the photos of the 458 Spider are real – they seem familiar somehow and could be good Photoshops – but if they are real there’s no doubt Ferrari won’t be amused – as Italians seldom are under these circumstances. But assuming the photos are real they just tell us what we already know – the 458 Spider is the regular 458 Italia with its roof chopped off.
Volkswagen E-Bugster
Tue, 24 Jan 2012The Volkswagen E-Bugster concept is a show car preview of the upcoming Beetle cabriolet. The E-Bugster is essentially the same Beetle that debuted at the Shanghai Auto Show last year below its beltline but above it a more steeply raked and shallower windscreen determine its new character. This, in combination with the hard top fitted to the show car creates a silhouette 400mm lower than the standard car, giving it a hint of SoCal speedster.