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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.

Low-level lights for cyclists get approval

NEW TRAFFIC LIGHTS designed specifically for cyclists have been approved by the Government, following a successful trial. The low-level lights repeat the signals displayed by the normal traffic lights, and the results of the trial were that 80% of cyclists favoured their use. Following the approval Transport for London can now install the lights at Bow Roundabout – the first time the lights have been used in the UK.

Toyota, Honda continue to dominate car sales

The Japan earthquake in March left many U.S. dealers scrambling for cars, yet the Toyota Camry and the Honda Accord continue to top the chart in car sales after six months. Through the first half of this year, the Ford F-series and Chevrolet Silverado pickups hold the No.