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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.

Bentley promises '90% hybrid range by 2018'

By Ollie Kew Motor Industry 19 April 2014 17:07 Bentley will offer a plug-in hybrid version of 90% of the cars on its range as early as 2018, the company's CEO has confirmed. Speaking at the debut of the Mulsanne Hybrid Concept at the Beijing motor show, Dr Wolfgang Schreiber announced that a plug-in hybrid option was ‘the right choice for the future of Bentley’. He also confirmed that the first production-spec Bentley with a part-electric powertrain will be the marque's controversial new SUV.

Calling all customized Chryslers

Chrysler is jumping on the social-media contest craze with a new campaign honoring those who love to customize their Chryslers. The top prize includes a trip to the "Custom Challenge" tab on Chrysler's Facebook page. Visitors to the page can vote on their favorite entries through July 1, 2013.