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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General 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.
Mazda Kazamai preview
Wed, 16 Jul 2008As we reported in June, Mazda has now confirmed it will unveil a compact crossover vehicle concept at the Moscow International Automobile Salon on 26 August. Called the Kazamai, which means "swirling crosswinds" in Japanese, the new vehicle is the sixth concept to employ Mazda's evolving 'Nagare' design language. The car's lines, inspired by crosswinds in nature, are claimed to evoke visual lightness, while its aerodynamic proportions accentuated by its bold front wheelarches and sleek roof line gives the design an emotional appeal.
Mercedes E class Cabriolet (2010) – Air Cap
Thu, 10 Dec 2009The 2010 Mercedes E Class Cabrio with AirCap deployed The next generation Mercedes E Class Cabriolet is due to turn up at next month’s Detroit Motor Show and go on sale in the Spring in the UK – just in time for some open-topped motoring as the sky clears and the sun starts to shine (or it pours with rain – global warming, don’t you know). Which is all fine and dandy if you’re just cruising round town at low speeds and you’ve got hats on, otherwise the expensive coiffures of your passengers may well get wrecked by the buffeting once the roof is down as you blat along, leaving them looking as if they’ve been dragged through a hedge backwards. But not any more.