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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.

Twingo Renaultsport 133 & Clio Renaultsport 200 ‘Silverstone GP’ Limited Editions launched

Renaultsport Twingo & Clio 'Silverstone GP' - just 50 of each available ‘Now what moniker can we hang on the back of a Renaultsport Twingo and Renaultsport Clio to get our British customers to part with their hard-earned?’, the man from Renault was heard to say. ‘I know’, he said, ‘Silverstone will be in the news next week – all shiny and new and quick. That’ll do – we’ve only got 50 of each with that left-over paint to flog.’ And so we get treated to a Limited Edition of just 50 cars each of the Twingo Renaultsport 133 ‘Silverstone GP’ Limited Edition and the  Clio Renaultsport 200 ‘Silverstone GP’ Limited Edition.

Next Dodge Viper will shed some rough edges

Little by little we're getting a clearer picture of the next-generation Dodge Viper SRT10. During a conversation with Dodge boss Reid Bigland at the Los Angeles auto show, Bigland told me the redesigned Viper "will appeal to a broader segment of the market." The car is expected to debut in 2012 but is not likely to appear at the Detroit auto show, he says. Today's Viper is essentially a street-legal race car.