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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall
Thu, 07 May 2009General 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.
Discovery Velocity TV channel to launch Oct. 4
Fri, 23 Sep 2011The Discovery Network is launching a new channel--Discovery Velocity--aimed at upscale car guys and girls. It will replace HD Theater on your cable or satellite system. The initial lineup features more than 140 hours of original shows.
Mitsubishi Lancer first look
Mon, 11 Dec 2006By Tim Pollard First Official Pictures 11 December 2006 04:20 Mitsubishi Lancer: the lowdown Mitsubishi has unveiled its new Focus rival, the Lancer. Forget today's budget special – the new Lancer is Mitsubishi's pitch to move the Lancer upmarket, away from cheap 'n' cheereful Korean rivals and towards the mainstream heartland occupied by Ford and Vauxhall. Of course, most volume manufacturers make similar claims for new models, but Mitsubishi has some right to be optimistic.