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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.

Ferrari F150 / F70: Details confirmed

Ferrari has confirmed more details of the Enzo successor – the Ferrari F70 / F70 – in the Ferrari Magazine and their web site. As we’ve already reported today that the McLaren P1′s design is almost the same as the concept P1, we thought we should also report on the latest news on the McLaren’s biggest rival – the Ferrari F70 / F150 – now Ferrari has confirmed more detail. Most of what Ferrari has revealed on their web site (and in the latest edition of the Ferrari Magazine) has already been speculated upon, but now we know from the (prancing) horse’s mouth some of the technical details, as well as the look of the new Ferrari from the recent tease of the F70/F150.

Honda's eco-friendly Paris stars

By Nick Eaton First Official Pictures 11 September 2008 12:30 Honda will have three world debuts at the Paris motor show in October 2008, including the new Insight concept (claimed to be the world's most affordable hybrid) and a revised Civic Hybrid. Paris also marks the world debut of Honda's new iDTEC automatic gearbox and the European premiere of the Jazz. Scroll down the page to the embedded video player to watch CAR's new video road test of the new Honda Jazz