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GM Europe weeks from running out of cash
Tue, 03 Mar 2009By 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.
2014 Nissan Qashqai close to being driverless
Mon, 11 Nov 2013Nissan has revealed that the new 2014 Qashqai is just one step away from becoming a self-driving car. Packed with technology, the Qashqai can already do an awful lot with little driver input, including park, read road signs and avoid collisions. New 2014 Nissan Qashqai revealed in pictures Nissan teases all-new 2014 Qashqai crossover The only missing link is the computer software to make it drive itself – and Nissan CEO Carlos Ghosn has said that this could be in place as early as 2020.
US Grand Prix (2013): Vettel steals pole from Webber
Sun, 17 Nov 2013US Grand Prix (2013): Vettel steals pole from Webber Sebastian Vettel may already have wrapped up the drivers title, but that hasn’t taken away his motivation to win. Despite what looked like an unbeatable time by Mark Webber, Vettel managed to turn a lap that didn’t look like it had the legs in the first half in to a second half that pipped Webber to pole. Another Red Bull front row.