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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.

Renaultsport Megane 250 at Geneva motor show 2009

Renaultsport Megane 250 By Tim Pollard First Official Pictures 03 March 2009 11:00 Renault has just swiped the covers off this, its hottest-ever Renaultsport Megane hot hatch. The new 2009 model – official title, the New Megane Renaultsport 250 – builds on the company’s growing dominance in the pocket rocket middle market. Remember how Peugeot used to rule the roost?

Chevrolet Colorado show truck is set for debut at the Bangkok auto show

Chevrolet on Monday said a concept that previews the next-generation Chevrolet Colorado small pickup will debut at the Bangkok motor show on March 25. Chevy released a teaser photo that shows the front corner of the show truck. Chevy says it chose Bangkok for the debut because the popularity of small pickups in the market; 43 percent of vehicles sold in Bangkok last year were pickups.