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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.

Call to cut school run car journeys

A 10% CUT in school run car journeys would boost Britain's economy by around £46 million a year, a sustainable transport charity has claimed. Sustrans, which is calling on the Government to formally recognise the right of every child to be able to walk or cycle to school safely, estimates that ferrying children to school by car accounts for 24% of peak time traffic. Using Department for Transport modelling to calculate the financial drain on business caused by rush-hour congestion, Sustrans estimated that a 14% reduction in car use for school runs would take 167,000 vehicles off the road with an annual "saving" of £66.2 million.

The Bloodhound SuperSonic Car is a rocket-powered land missle

The ambitious British Bloodhound SuperSonic Car project took a significant step forward in the quest to raise the world's land speed record to 1,000 mph when the machine's main power unit—a spectacularly forceful rocket engine—was successfully test fired Oct. 3. The rocket is believed to be the largest designed in Europe in decades, and its 185-decible noise level is said to be many times louder than a Boeing 747 during takeoff.