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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

Renault Megane gets a bit of a facelift for 2014

The Renault Megane range (pictured) gets a bit of a facelift for 2014 The Renault Megane has been given a facelift for 2014, but it’s not exactly a major overhaul. All the Megane models – Hatchback, Coupe and Sports Tourer – now gets the new family front bumper with its extended air vent, much like the bumper on the new Renault Clio. The bonnet also gets a tweak with a new Renault badge, there’s a new set of elliptical headlights and some new daytime running lights. There are specific changes for the GT and RS models too, with ‘GT’ or ‘RS’ added to the new Renault logo on the bonnet.

MINI John Cooper Works Coupe Endurance at Nurburgring 24 Hours +video

MINI John Cooper Works Coupe Endurance- off to the Nurburgring It did take a while to drag the MINI Coupe – screaming and kicking – in to the limelight. Too shy to arrive fully formed, MINI revealed the Coupe at the start of the month with a modesty blanket of black and white swirls over its money shot – the helmet roof and proper little boot. But it took just two weeks for the new MINI Coupe to pluck up the courage to strut its stuff undisguised, and we were treated to a photo avalanche to celebrate its arrival.