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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.

Jeep Grand Cherokee's 2013 model year will be short

The Jeep Grand Cherokee will have a shortened 2013 model year so that in January the Chrysler Group can introduce a diesel engine and eight-speed automatic transmission for the 2014 model, internal Chrysler sources say. Dealer orders for 2013 Grand Cherokees began this month. The 2013 model, which will begin production in August, will continue with the five-speed automatic that the Grand Cherokee has had since mid-2010.

8th L'Argus Design Competition announced

From 1 June 2009, design students will be invited to take part in the eighth annual L'Argus European Design Competition, which this year takes as its theme 'Less is More: Traveling in the Era of Simplicity'. Questioning students on the concepts of mobility and the future of automobile design, this contest - organized by French magazine L'Argus de L'Automobile - will run until 11 December 2009 and culminate in an awards ceremony on 20 January 2010. The competition is open to students attending design colleges within the European Union and Switzerland, including non-automotive courses covering disciplines such as industrial design, fine arts and architecture.