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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General 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.

Road Safety Group Asks If Driving Test Is Fit For Purpose

THE Institute Of Advanced Motorists (IAM) is asking the thorny question of whether the standard driving test is still fit for purpose. This comes on the back of a new poll from Vision Critical and the IAM, which uncovered that 30% of young drivers (aged 18-25) admit to breaking the law during their first few years on the road. Furthermore, despite spending many weeks learning to pass the test, 68% of younger drivers feel that they need to improve while 25% admit to crashing.

Royal Wedding Aston Martin: Wills grabs Charles’ Aston Martin DB6 Volante

Wills & Kate take Charles DB6 Volante for a spin down the Mall As gifts on a wedding day go – even a Royal Wedding Day – using your dad’s prized Aston Martin DB6 Volante to whisk your new bride away is quite special. With the agreement of the Prince of Wales, Prince Harry managed to fit out Prince Charles’ DB6 Volante with ribbons and bows and a JU5T WED number plate so the newly apponted Duke of Cambridge could whisk the Duchess of Cambridge away after the reception at Buckingham Palace. Although ‘whisk away’ is perhaps a bit too rash a statement, when they only managed to go a few hundred yards down the Mall to Clarence House for a break before the evening’s festivities.