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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.

Ecurie Ecosse racing car collection sells for £8.8 million

Ecurie Ecosse is a name that will need no introduction to classic motorsport fans. Established in 1952 by Edinburgh racing driver and businessman David Murray and mechanic Wilkie Wilkinson, this racing team is famous for two things – its stunning Flag Blue Metallic paint scheme and winning the 24 Hours of Le Mans. In fact, Ecurie Ecosse won Le Mans twice – back-to-back in 1956 and 1957, securing two of the three victories there for Jaguar’s D-Type.

Nissan X-Trail: news and photos of 2010 facelift

The most inconspicuous facelift award could be a hotly contested category if it existed. Vying for contention, for a second successive generation, would be this: the Nissan X-Trail. Over its 10-year cycle on the roads of Britain, the X-Trail has been subjected a minor nip-tuck facelift and even a complete makeover in 2007.