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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.

The other side of the curtain: A look back at Lada, Volga and more

While Americans in the 1960s and '70s were enjoying the heyday of muscle-car madness, our friends over in the Soviet Union were treated to an entirely different kind of automobile. Fiat-based Ladas and Russian-born Volgas were the cars of the day, and our friends at Retronaut have gathered some press materials and advertisements for the compact sedans. Lada was named after a famous Czech manufacturer of sewing machines in the 1960s.

2014 Cadillac CTS sedan priced at $46,025

The base 2014 Cadillac CTS sedan will cost $46,025 when it goes on sale this fall. That’s a $6,035 increase from the current model’s $39,990 price after shipping charges. For 2014, the CTS sedan is seeing a major overhaul, with a longer, leaner body and a new optional twin-turbo 3.6-liter V6 engine rated at 420 hp.