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GM, Chrysler get cold shoulder from consumers, report says

General Motors and Chrysler clearly have an image problem. In a classic case of: "It's not me--it's you," fewer consumers are considering the two Detroit automakers in the wake of their pleas for government assistance and bankruptcy rumors. The share of buyers who would make a GM car their primary choice fell 12 percent, and the share of Chrysler intenders dropped by one third, according to a study released Thursday by CNW Research of Bandon, Ore.

Brawn GP wins diffuser row

Brawn GP wins the verdict at the FIA hearing on the F1 diffuser row [ad#ad-1] Well, Ross Brawn said from the start that the rear diffuser on the Brawn GP car was legal. The man knows his stuff, and has the ability to interpret the regulations to suit his cause, and the FIA has today ruled that he’s right. So Brawn and Jenson Button’s wins stand, the cars are legal  (as are those of Williams and Toyota) and the rest of the F1 teams are going to have to play catch-up very quickly if they’re going to have a chance this year.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General 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.