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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.

Bus service cuts 'at critical level'

CUTS TO bus services are now reaching "critical levels", according to a report by the Campaign for Better Transport (CBT). As many as 47% of local authorities in England and Wales have reduced their support for buses for 2013, while the 2014/15 financial year is likely to be a difficult one for bus services, said CBT. Three councils have stopped supporting services and others might follow, warned the CBT, whose report is entitled Buses In Crisis and is based on responses to Freedom of Information Act requests made to all local transport authorities regarding supported buses.

Hyundai Blue2: Hyundai Hydrogen Concept

The Hyundai Blue2 Hydrogen fuel cell concept As you already know from the Kia Naimo report this morning, today is press day at the Seoul Motor Show. So as it’s the home show for Hyundai as well as Kia, we thought we ought to have an interesting Hyundai reveal as well. Step forward the Hyundai Blue2 Concept.