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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
Apparently, the 2012 Honda Civic will be quiet & refined
Fri, 26 Aug 20112012 Honda Civic - it's quiet As we said on the last story we ran about the 2012 Honda Civic, Honda are taking its launch very seriously, And they’re doing the normal new car tease too, but in a very Honda way. Instead of being lazy and just divvying up a new arty photo of the new Civic once a week for a month, Honda are going the Jaguar XJ school of car teases (just in smaller numbers). Which means proper detail with each tease and some proper thought in the presentation.
2011 Jeep Grand Cherokee to start at less than $33,000 for four-wheeler
Wed, 12 May 2010Perhaps the most important vehicle to be launched by Chrysler this year, the 2011 Jeep Grand Cherokee, will start at a price that's a shade less than $33,000 for a four-wheel-drive model. The base model with two-wheel drive is $30,995. This Jeep, shown in concept form for more than a year, is critical to refreshing the Detroit automaker's aging lineup and generating some much-needed product mojo.