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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

New MINI teased in competition to attend the reveal (video)

New MINI teased in competition to attend the reveal It may be a few more weeks until the new MIN I is unveiled – 18th November, Sir Alec Issigonis’ birthday – but MINI is already upping the tease with a new competition. The reveal of the new MINI is scheduled to happen simultaneously at events in London, Los Angels and Shanghai and MINI are offering the chance to get an invite to one of the three reveals for three lucky winners. If you want to in with a chance of attending the first reveal of the new MINI – before its proper public debut at both the Los Angeles and Tokyo Motor Shows –  then head over to MINI’s New MINI website to jump through a few hoops and enter.

Maserati sales up 4-fold in UK & Europe this year

The Maserati Ghibli (pictured) helped Maserati to strong sales in UK & Europe Maserati are on a mission to revive sales for the marque after years of being just an afterthought for car buyers fancying something interesting and Italian. And it seems to be working. The new Maserati Ghibli (and the Quattroporte) are starting to appeal to car buyers in the UK and Europe so much that sales so far in 2014 are up by 420 per cent on 2013, and although the actual numbers aren’t massive, the progress certainly is.