Fel-pro Tcs46034 Crankshaft Seal Kit on 2040-parts.com

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.

Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.

Hennessey Venom GT hits new, unofficial, speed record (video)

The Hennessey Venom GT (pictured) hist 270.49mph on a NASA runway Top speed records for production cars is starting to seem pretty irrelevant as there’s almost nowhere an owner can ever hope to hit those record speeds. And the performance of cars like the new McLaren P1 – where  performance and handling are much more the focus than outright top speed – has added the the irrelevance. But that doesn’t stop some car makers aiming for the bragging rights of the world’s fastest production car, and John Hennessey and his Hennessey Venom GT are back with another claim on the title.