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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.

Think brings four-seat City car to Europe

UPDATED -- The latest-generation Think City electric car gets 2+2 seating for the first time, and it goes on sale across Europe this month. Think representatives said it is unknown when or if the four-seater will be sold in the United States. Currently, Think is only making fleet deliveries from its U.S.

Audi reveals 2014 TT interior at CES

To reveal a new car’s interior before we’ve even seen a concept sketch of the whole vehicle sketch seems odd. But nevertheless, that’s exactly what Audi has done with its 2014 TT, unveiling the car’s cabin at the Consumer Electronics Show (CES) in Las Vegas. The German firm’s choice of venue is significant, too, underlining how the new TT will “come with a new generation of electronics and connectivity features.” On Bing: see pictures of the 2014 Audi TT Find out how much a used Audi TT costs on Auto Trader The new TT will feature the same “Audi virtual cockpit” as the Audi Sport Quattro laserlight concept – also unveiled at CES 2014 – representing the first appearance of the new tech  a production Audi.