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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.

Alfa Brera & Alfa Spider get new engines and Italia Independent trim

The Alfa Brera & Alfa Spider get new engines and a new trim option Alfa Romeo introduced new engine options last year on the Alfa 159 – the 1750iTBi Petrol engine and the 2.0 litre JTDm diesel – which are now about to find their way in to the Alfa Brera and Alfa Spider. Which is a far from bad move. The 1750i Turbo manages to deliver 200bhp and a decent amount of torque – 236lb/ft from only 1400rpm – which makes it distinctly brisk – 7.7 & 7.8 seconds respectively to 62 mph for the Brera and Spider.

Jean Bugatti's final project realized 73 years after his death

Legendary designer Jean Buggati's final unfinished project has finally been realized by the Mullin Automotive Museum, 73 years after his death. The Southern Californian Museum is devoted to the preservation of French art and automobiles from the Art Deco era, and has announced that the 1939 Bugatti Type 64 Coupe Chassis #64002 project is nearing completion. The museum – alongside Stewart Reed Design of Pasadena and Automobile Metal Shaping Company of Michigan – has added the swooping coupé body to the original chassis based on sketches left unfinished by Bugatti at the time of his death in 1939.