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GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Porsche purchases Andial performance brand

Porsche announced on Thursday that it has purchased the legendary Andial name that has become a staple in the realm of Porsche racing and performance tuning. In 1975, the late Arnold Wagner (AN), Dieter Inzenhofer (DI), and former Porsche Motorsport North America president and current consultant Alwin Springer (AL) came together to build Andial (an anagram of the principals names), a successful and respected independent authority on Porsche-performance tuning. Since the last active owner, Inzenhofer, is retiring later this month, timing was ripe for Porsche to jump in and offer to carry the Andial torch.

McLaren P1: First interior photos arrive

Ahead of its debut at the 2013 Geneva Motor Show next month, McLaren has sent us the first interior photos of their new hypercar. As we already know, the P1 isn’t following the almost unique 1+2 seating concept of the McLaren F1, but has opted to make it a regular two seater. That means that there will be no right hand drive cars – they’ll all be left hand drive – and McLaren are left deciding how to make the P1′s cockpit unique.