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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.

2013 Fiat 500 gets modest turbo model

Fiat is adding a midlevel model, the 500 Turbo, to its U.S. lineup for 2013. The car will get a turbocharged 1.4-liter MultiAir engine rated at 135 hp and 150 lb-ft of torque.

Spoken street names useful in navigation units, magazine says

If you're in the market for a portable navigation unit, features such as spoken street names and reality view/lane assist are worth the money while traffic information, connected services and voice recognition are not as essential, says Consumer Reports magazine. Less expensive navigation models are even offering the service via which the unit will speak the names of streets or highway numbers rather than telling drivers to merge or turn in a specific direction. Reality view/lane assist is a feature commonly packaged as one that displays three-dimensional views of exits, signs and intersections as well as the best lane to be in for upcoming driving maneuvers.