Mallory 4764301 Unilite Electronic Ignition Distributor Series 47 on 2040-parts.com

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.

Kia, Chrysler, VW set pace as December sales advance 9 percent

Kia, Chrysler and Volkswagen posted some of the strongest sales gains for December as the industry closed out 2011 on a high note. Automotive News estimates December volume was up 9 percent to 1.24 million from a year earlier--in line with analysts' forecasts. Total industry sales were projected at 12.78 million for the year, up from 2010's total of 11.6 million and the 27-year low of 10.4 million in 2009.

Cadillac, Lexus score high in satisfaction survey

Cadillac buyers are the most satisfied with their choice of vehicle brand, owners of the Cadillac Escalade are the happiest among truck buyers, and buyers of the Lexus LS sedan are the happiest car owners, according to the latest satisfaction survey from consulting firm AutoPacific. Also, a growing number of Hyundai buyers are satisfied with their choice, making the Korean brand the fastest-rising in AutoPacific's Vehicle Satisfaction Awards rankings. The rankings are based on responses to surveys sent to 25,000 new-vehicle buyers three months after they take delivery.