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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.

Bentley Continental GTC Speed (2013) first pictures

According to Bentley, the new Continental GTC Speed is the fastest four-seat convertible in the world. The 202mph cabriolet uses the 616bhp powertrain from its Continenal GT Speed Coupe sibling, and we'll see it unveiled at the 2013 Detroit motor show. Just how fast is the new 2013 Bentley GTC Speed?

Ferrari Myth exhibition opens in Shanghai

Spreading the gospel of Enzo, Ferrari opened its Myth exhibition at the Italian Center in the Shanghai Expo Park on May 18. To help develop the second-largest market for Ferrari, the three-year exhibit is the Italian manufacturer's way of showing the Chinese public the history, cars and technology of Ferrari. The exhibit has five areas: Ferrari in China, Green, Product, Design and Racing.