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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.

Skoda drives along Popular memory lane

A EUROPEAN car enthusiast is recreating a remarkable British journey first completed 90 years ago by a famous Czech writer, and is driving a 77-year-old Skoda Popular. The milestone car, Skoda's first to sell in big numbers across Europe, is well into a three-week journey around the UK in the hands of car nut Zdeněk Vacek, starting and finishing at the Czech Embassy in London and visiting many of the cities featured in famous Czech writer Karel Čapek's 1924 tome Letters from England. The Popular itself can celebrate its 80th birthday at the same time, having first appeared to widespread acclaim in 1934.

2014 Ram 1500 diesel in the works

Chrysler has announced that a diesel-powered Ram 1500 pickup is in the works. It's expected to hit dealer lots -- and presumably, America's family farms -- in the third quarter of 2013. Set to be released as a 2014 model year vehicle, the oil-burning 1500 will get a 3.0-liter V6 wearing Chrysler's new EcoDiesel branding.