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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.

Porsche 911 GT3 RS (2009) (2nd gen 997) first photos

By Tim Pollard First Official Pictures 19 August 2009 09:42 Porsche has just unveiled these first photographs of the new second-generation 997 GT3 RS – Porsche shorthand for the hardest, most track-focused contemporary 911 yet. While some prefer the sledgehammer power of the new 911 Turbo and others choose the widowmaker, aka the loony, rear-drive turbocharged GT2, for many the 911 GT3 RS is the purest of the rear-engined Porsches. The new photos of the GT3 RS reveal a 911 that’s been fettled and feted, prepared for use cross-country or at Cadwell Park race track.

Opel / Vauxhall Astra revealed

New Vauxhall / Opel Astra revealed ahead of a launch at the Frankfurt Motor Show in September The Astra has been with us for 30 years, and this is the sixth generation to hit the showrooms. And it looks to be the best yet (as you would hope), with a cohesive style and loads of design cues taken from Vauxhall’s Insignia. This new Astra is built on the same platform as the much heralded Vauxhall Ampera (the Electric Car that will be the salvation of GM – once the technology is sorted) and as such offers a bigger wheelbase (up by 71mm) on a 4.4 meter (14′ 4″) body, with a wider track, which should make the Astra a better drive.