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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.

Gran Turismo 6 confirmed for launch: full details here

Sony has announced that its latest racing simulator game, Gran Turismo 6, will go sale in this November with more cars, expandability and even more impressive realism than before. Gran Turismo, which launched in 1998, is the most successful Sony franchise with sales of more than 70 million games sold in in its 15-year history. What's new in Gran Turimso 6?

Volvo V40 Review: D3 SE Nav (2012)

This week we have Volvo’s very promising new V40 in for review and test in the guise of the V40 D3 SE Nav manual. For perhaps the first time, Volvo are offering a serious alternative to cars like the BMW 1 Series (and the new Mercedes A Class) with the V40. Certainly on all the things that grab the headlines – looks, performance and equipment – the V40 seems to be a very credible effort from Volvo.