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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.

Smart Fourjoy concept revealed ahead of Frankfurt motor show

Smart will preview its upcoming second-generation Forfour at next week's Frankfurt motor show when it shows the Fourjoy, the latest concept from the Mercedes-Benz owned city car brand. Pictured here for the first time, the new four-seater follows the earlier Forus and Forstars concepts, providing clues to next year's Forfour, developed with Renault. The French automaker will offer its own version of the new car as a replacement for the Twingo.

Audi RS Q3 (2013) first official pictures

Audi's applied the RS badge to a soft-roader for the first time: this is the RS Q3. Using a slightly detuned TTRS engine, the RS Q3 puts 306bhp and 307lb ft through all four wheels, via a standard-fit dual-clutch gearbox Audi RS Q3: the powertrain spec The petrol-fuelled 2.5-litre five-cylinder turbocharged engine is related to the TTRS five-pot, but here it's developing 306bhp rather than 335bhp. Maximum torque is on tap from 1500rpm to 4200rpm.