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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.

Mini unveils next-generation hardtop

The wraps are off the all-new, third-generation Mini hardtop. Updates include renewed exterior styling, lots of gee-whiz electronics inside, and a new fuel-efficient, three-cylinder turbo engine under the hood as the base engine. “On the inside is where you see the revolutionary aspect,” said Jim McDowell, vice president, Mini of the Americas.

Porsche 911 Turbo Cabriolet (2013) priced from £126,766

Meet the new kings of Porsche drop-tops: the new 911 Turbo Cabriolet and Turbo S Cabriolet. The turbocharged soft-top 911s are the fastest and yet most economical of the breed yet, sporting the same twin-blow 3.8-litre flat six as the coupe models, and a 195mph+ top speed. What’s the spec of the new Porsche 911 Turbo Cabriolet?