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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.

New (2014) Mazda 3 revealed – no prices yet

The new Mazda3 (pictured) arrives – and it looks good. The Mazda3 is already a better car than its sales would suggest, and the all new Mazda3 looks to be even more competition for the Ford Focus and VW Golf than ever before. Perhaps the only complaint about the Mazda3′s design is that it looks a bit too much like a shrunken Mazda6, but that’s a bit like moaning the DB9 looks like the Vanquish (well, the Mazda3′s not that good looking, but it makes the point).

Interior Motives China Conference 2014 – Day 1

The seventh edition of the Interior Motive's China Conference has just taken place in Beijing, ahead of the world's most important motor show and in the world's largest car market. The theme of this year's event, ‘Mobilising the new urban landscape' is extremely pertinent to anyone who has experienced the city's congestion and its air quality. During the event's two days, the presenters explored our future relationship with the automobile, from increasing levels of autonomous drive in our cars, to the varied definitions of the word luxury, and how that impacts on customer expectations right across the globe.