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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.
Show Review: Design LA
Mon, 18 Dec 2006Design LA, the automotive design conference that incorporates the Design Challenge competition, has announced its winners, during this year's LA Motor Show. Chuck Pelly, who set up Design LA last year, introduced the event and the judges for the Design Challenge: Tom Matano , Director, Academy of Art University; Imre Molner, Dean, College of Creative Studies; Steward Reed, Chair, Transportation Design, Art Centre College of Design; and Bill Van Amburg, Senior Vice President, Calsart. This year's nine competition entries had a brief to deliver a 100 percent recyclable, five-year lifespan vehicle with 'accoutrements that add fun or function to represent California's unique green lifestyle.' The Acura FCX 2020 Le Mans is a Le Mans-style race car concept notable for its enclosed wheels and motorbike style forward-inclined driving position between the front wheels (which can just be made out in the translucent illustration shown here).
Jaguar to build more R-S and R-S GT models
Tue, 07 May 2013Not only that, but Jaguar has also replaced the XJ Supersport with a more focused XJR that offers proper dynamics and a more clearly defined appeal than the Supercpsort. All opf which points to Jaguar’s plans to offer cars in their range that have true performance credentials to take on the might of BMW’s M Division and Mercedes AMG. That has been made even clearer by Jaguar’s Wayne Burgess who has told Edmunds that Jaguar will be pushing the envelope further and deeper across the Jaguar range with more R-S models in the planning as well as More R-S GT models too.