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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.
Fiat chief tours Chrysler headquarters
Tue, 27 Jan 2009Fiat S.p.A. CEO Sergio Marchionne and a team of Fiat senior executives visited Chrysler LLC headquarters in Auburn Hills, Mich., on Saturday morning, according to a letter to Chrysler employees from CEO Bob Nardelli. The Fiat team visited a display of vehicles in Chrysler's design dome and met with Nardelli; Tom LaSorda, co-president; Frank Klegon, executive vice president of product development; Frank Ewasyshyn, executive vice president of manufacturing, and other executives.
Vauxhall's new two-seat EV city car concept (2011)
Wed, 07 Sep 2011Alongside the Astra GTC and Zafira Tourer, Vauxhall (and thus Opel) is unveiling something a little more ‘out there’ at the 2011 Frankfurt motor show. It’s this tiny city car, which won’t have a name until the official unveiling next week. And this Vauxhall concept car is what exactly?