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GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

McLaren reveals new London dealership

So where’s the posh new London dealership for the new McLaren MP4-12C? Just a stone’s throw from the old Park Lane McLaren site, it's emerged. One Hyde Park is the new home for the company in the UK’s capital city, and McLaren predicts that the flagship London store will be the busiest of the planned global outlets for the MP4-12C supercar, thanks mainly to the prime Knightsbridge location.

U.K. firm plans modern Jensen Interceptor

CPP, a British specialist automotive group co-owned by Russian businessman Vladimir Antonov, said it will build a modern version of the iconic Jensen Interceptor grand tourer, starting in 2014. Healey Sports Cars Switzerland, which owns the Jensen brand, has appointed CPP to engineer, develop and build the car, CPP said on Tuesday. CPP will build the Interceptor in a new factory on the site of the former Jaguar Browns Lane plant in Coventry, England.