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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.

Jaguar Land Rover factory closure

Jaguar Land Rover are to close one of their production facilities in the Midlands JLR unions have already brokered a deal to ensure no job losses in the short term, but JLR are committed to rationalising their manufacturing across just two plants in the UK, instead of the existing three. The decision will be made about which plant to close in the next eighteen months. The most likely scenario is that JLR will close Solihull – which currently produces Land Rovers and employs 5000 people – and concentrate Land Rover production at Halewood.

Mazda Mazda6

Mazda has revealed that it will unveil its new 2014 Mazda6 sedan, the second model bearing its new generation design language following on from the CX-5 crossover., at the Moscow motor show on 29 August. Although very few details have been released, it's clear from these teaser images that it's closely related to last year's Takeri concept car in terms of both surfacing and graphics. The car, designed under the new KODO ‘Soul of Motion' design language, incorporates the full range of SKYACTIV technologies.