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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.

Hertz brings back rent-a-racer program with Dream Cars

In 1966 -- at the dawn of the horsepower wars -- Carroll Shelby made a deal with the Hertz Corporation to produce a line of Shelby GT350 Mustangs for rent. Later, the cars would be refreshed and repurposed for sale as GT350-H models. Just as the horsepower wars have returned, so has Hertz' rent-a-racer program.

Concorso Italiano car show at Monterey Historics week 2013: in pictures

Every year as part of the Monterey Historics week there’s an Italian car gathering that’s grown to the point where it’s an international – unmissable – event. For 2013 the venue was the Laguna Seca Golf Ranch, just next to the race circuit – and what an incredible line up of cars there was. Alongside the predictable was the completely unpredictable.