Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Craigslist catch: 1986 Lotus Turbo Esprit

For the masochistic car enthusiast--and many of us here at AutoWeek count ourselves among that breed--nothing is sure to tantalize and frustrate quite as nicely as a Lotus. Not just any Lotus, mind you, but a peaky, force-fed, emissions-saddled 1986 Turbo Esprit. The example shown here, http://detroit.craigslist.org/okl/ctd/2318628863.html, appears to be a fine specimen of Giguaro's wedgy Brit, and the rear-quarter decals indicate that this is a late HCi model--high-compression plus Bosch fuel injection.

Chrysler offers to double cash-for-guzzlers incentive on most '09 models

The Chrysler Group is offering consumers $4,500 on most of its 2009 models, doubling the cash-for-guzzlers incentive offered by the federal government. "Double Ca$h for Your Old Car," offers up to $4,500 cash or 0 percent financing for 72 months on qualifying new vehicles, even if the consumer's trade-in doesn't qualify for the federal incentive. The program starts Thursday, July 23, and runs through August, Chrysler announced Wednesday.