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GM, Fiat considered merging Europe operations, report says

General Motors Co. and Fiat S.p.A. "briefly" discussed a merger of their European operations earlier this year, the Wall Street Journal reported, citing people familiar with the talks.

BMW tii models are go

By Georg Kacher Motor Industry 02 April 2008 17:06 BMW chief Norbert Reithofer has confirmed to CAR Online that a range of tii performance options will be launched soon on the company's smaller models. He has finally ruled out a rumoured M1 version of the 1-series and said the tii spec would be the most performance-oriented model, claiming the the twin-turbo 135i was quite fast enough (it does 0-62mph in 5.3sec, after all).The tii concept shown at the 2007 Tokyo Motor Show points accurately to the approach BMW is developing: performance kits for the 1-series coupe and hatchback, an aero package, carbonfibre details, fatter wheels and tyres, sports seats and instruments. There's even talk of a new M-style steering wheel with integrated LED rev counter.A tii for the massesBMW is the past master at offering huge choice in spec and trim; subtle nuance of alloy wheel size here, and Sport spec there is the stuff of workplace car park folklore.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.