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Big news on GM's big SUVs

Good news and bad news for General Motors' large cash cows, the full-sized SUVs. The bad news: The massive sport-ute market has shrunk roughly in half to around 300,000 a year. The good news for GM: This drove some competitors either out of market or into the near-niche category, leaving the new-for-2015 Chevrolet Tahoe and Suburban, the GMC Yukon and Denali, and Cadillac Escalade with a big share of this very profitable segment.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Police BMW crashes into £200k Ferrari on London street

Surely the whole point of owning a bright yellow Ferrari 458 Spider supercar is to get yourself noticed. Well, it didn’t work in this instance. The owner of this £200,000, 198mph roadster will be on the receiving end of a substantial repair bill courtesy of Her Majesty’s Metropolitan police.