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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General 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.
UPDATED: Aston Martin sold
Mon, 12 Mar 2007By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m. The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.
Renault Captur (2013) finally to be unveiled at Geneva
Thu, 10 Jan 2013Renault teased us earlier in the week with a single shady image of the new Captur - and here it is, fully revealed today in all its compact SUV splendour. Coming in the wake of the new Clio’s renewal, the Captur marks the next step-up in Renault’s design offensive. New stylist in chief Laurens van den Acker is rebooting La Regie's wardrobe and you can leave a comment below to rate his latest effort.