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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.

Jaguar XF – 2010 Updates

Jaguar has updated the XF range for 2010 / 2011 The Jaguar XF was the real start of the Jaguar renaissance. It replaced the very able – but rather unloved – S Stype in 2008 and offered a real contemporary Jaguar, fully equipped for the 21st century and able to stand toe to toe with the best that Germany could offer. Top of the tree is the Jaguar XFR which is at least the match of the M5, E63 and RS6, but at less money.

Lotus's new 2010 Elise dips below 150g/km of CO2

By Tim Pollard First Official Pictures 09 April 2010 07:53 The new facelifted 2011 model year Lotus Elise has cut its CO2 output by nearly a fifth to a saintly 149g/km.It's a 16% improvement over the outgoing Lotus Elise S and Hethel claims 'the Elise has the lowest CO2 for its performance level for any gasoline sports car in the world.' Lotus is getting combative with the new Elise, pointing out that the Elise weighs just 876kg – while the Porsche Boxster sends the scales spinning to 1334kg.So how come the new Lotus Elise is so clean?The aerodynamics are 4% smoother, according to Lotus, while a smaller Toyota 1.6-litre VVT-i engine is downsized by 200cc compared with the outgoing 1.8, yet produces the same power.The new 2011 model year (but on sale now in 2010) shows the benefits of lightweight: it'll hit 60mph in 6.0sec.