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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
Car of the Year 2014 shortlist announced
Mon, 16 Dec 2013By Ollie Kew First Official Pictures 16 December 2013 11:00 The seven-car shortlist for the 2014 Car of the Year [CotY] award has been announced. The jury is looking for ‘the most outstanding new car go on sale in the [last] 12 months.’ BMW i3 – the first branch of BMW’s family of electric ‘iCars’, to bear fruit, available in fully EV and range-extender form, and aiming to make electric cars desirable at a fraction the price of Tesla’s impressive Model S luxury saloon Citroen C4 Picasso – Citroen isn’t giving up on the good old MPV despite the onslaught of new crossovers – the new C4 Picasso boasts outlandish bug-eyed design and a fresh take on family-mover cabins, thanks to two enormous touchscreen interfaces to keep the kids – and parents occupied. Mazda 3 – the third-gen 3 family hatchback is lighter than before thanks to Mazda’s energy-saving ‘SkyActiv’ tech, but that’s just the tip of the iceberg.
Infiniti fast tracks small diesel engines
Wed, 07 Apr 2010Infiniti is fast-tracking new small diesel engines in the wake of the Daimler-Renault-Nissan partnership signed today in Brussels.Nissan's upmarket division will take supply of Merc's smaller four-cylinder turbodiesels - at a stroke thrusting it into the heartland of the executive sector. At present, it struggles to compete with its 3.7-litre V6 petrol only range of G saloons and coupes, and large-engined SUV crossovers. Sooner than you might think.