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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.

Jaguar C-X16 (Jaguar XE) Driving Video

Jaguar C-X16 Driving Video Jaguar is making the most of their new small sports car – the Jaguar C-X16 – as it builds onwards and upwards from the début of the C-X16 at Frankfurt last week to the launch of the production car – probably the Jaguar XE – late in 2012 or early 2013. We had rafts of information and photos – and a short video – when the C-X16 bowed in last week, but now we get a more revealing driving video showing the interior and exterior of the C-X16 in more detail, and some driving footage on incredible roads too. Yes, we were a little underwhelmed by the direction the design of the C-X16 has taken – more conservative than we would have liked to have seen – but we have no issues with the design per se – it’s a stunner.

Mercedes-Benz M-Class

Mercedes-Benz has announced the 2012 M-Class. The third generation off-roader is said to ‘set a new benchmark in the SUV segment’ in terms of design, consumption and comfort. Boasting an array of mechanical and technological enhancements, the M-Class is said to be vastly improved both on and off road.