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Citroen To Celebrate Old And New At Festival Of Speed

CITROEN is to make a big splash at the Goodwood Festival of Speed later this month. The French firm has announced plans to premier its radical new C4 Cactus and the latest version of its C1 city car. On sale in the UK from October, the C4 Cactus signals the brand’s bold response to the changing needs of today’s car owners.

Ferrari F12 Berlinetta

Ferrari has confirmed the name of the successor to the 599 GTO as the F12 Berlinetta ahead of its official debut at next week's Geneva motor show. The car, originally thought to be named the F620 GT, is the most powerful Ferrari road car ever launched with advanced vehicle architecture, aerodynamics, components and electronic controls. The design process – undertaken by both Ferrari and Pininfarina – involved with lengthy wind tunnel testing and extensive computational fluid dynamics (CFD) simulations.

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.