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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.

Nissan previews its MAD Qazana Concept

Hard to know what to say! The Qazana is a huge deal for Nissan. And relatively speaking, an even bigger deal for the workforce in Sunderland.

Judge dismisses dealers' lawsuit against Tesla's retail stores

Dealers trying to block Tesla Motors Inc.'s retail stores in Massachusetts lost another round this week when a judge dismissed their lawsuit against the electric vehicle maker. In a ruling issued Monday, Norfolk County Superior Court Judge Kenneth Fishman said the Massachusetts State Automobile Dealers Association and other plaintiffs lacked standing to sue. It was the same reasoning the judge used in a November ruling denying a preliminary injunction against Tesla's suburban Boston store.