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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.

Who's Where: BMW announces personnel changes in top design positions

BMW's latest internal reshuffle has seen Domagoj Dukec appointed as head of exterior design, Martina Starke as head of color and material design and Oliver Heilmer as head of interior design. Dukec, a Pforzheim graduate, has previously worked for Volkswagen and Citroën where he played a key role in developing a new Citroën aesthetic with the C4 coupé, C5 Airscape, C5 (Mark II), Hypnos and GQ Concept. Since moving to BMW's exterior design team in 2010 he has been credited with the design of the Concept Active Tourer.

Audi TT Clubsport Quattro concept car (2007): first official pictures

By Tim Pollard First Official Pictures 16 May 2007 04:20 Audi TT Clubsport Quattro: the full lowdown Inspired by the Porsche 356, Audi has lopped the top off its TT Roadster to make this speedster version of its two-seater. The TT Clubsport Quattro, unveiled today in Austria, is a concept car to show how far the TT brand can be stretched, but officials freely admit that they are considering a limited production run. It's a TT like no other, squashed and squat, flattened to create a low-slung sports car for those living in dry climates where the occasional rain storm isn't a worry.