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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.

Partnership Premium 2030 - Part 1

Strate College in Paris, France, has been working on a Peugeot-sponsored project for the past few months. The project asks 30 students who have been divided into 10 groups to create the exterior design, an interior design, any related products (including accessories or new services, for example) and color and trim details for the premium Peugeot for the year 2030 Though there are no constraints on the technical package, the brief stipulates that the teams must create a scenario that illustrates global change, and design a vehicle that fits into this future environment. Designers from Peugeot have been very active in the process, guiding students in weekly critiques and assisting them with specific knowledge in key areas of expertise.

Volkswagen Golf Alltrack – VW reveal the ‘Crossover’ Golf

The Volkswagen Golf Alltrack – a rufty-tufty ‘Crossover’ Golf With the world falling in love with cars that do things they’ll almost never need, car makers are filling more and more niches with new models that have an element of Off Road ability. Step forward the new 2015 Volkswagen Golf Alltrack. Just as they did with the Passat Alltrack, VW has taken the Estate version and made it a bit more butch, in effect turning it in to a sort of ‘Crossover’ Golf with the ability to take on (slightly) more rugged terrain.