Vintage Harley License Plate Frame on 2040-parts.com

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.

Land Rover backed Race2Recovery team finishes Dakar Rally

The Race2Recovery Rally team – a group of disabled servicemen backed by Land Rover – has become the first disabled team to finish the Dakar Rally. Land Rover may have backed the Race2Recovery team in the Dakar Rally, but the real triumph is that of the team’s members as they become the first disabled team to complete the gruelling rally. In the space of just eighteen months, the Race2Recovery team has gone from a handful of disabled servicemen to a fully fledged Dakar Rally Team with 28 people, four Wildcats and a bunch of support vehicles including a pile of Discoveries for transporting the support team and equipment.

UK car production slumps, state help sought

By Digby Fullam Motor Industry 21 November 2008 14:30 The full effect of the downturn in the global economy is being felt by the UK motor industry, new figures out today reveal. Car production at British factories fell by 29.5% from October 2007's figure.  That makes it the worst October production figures since 1991 which, if you’ll cast your mind back, was the last recession. The Society of Motor Manufacturers and Traders blamed the slump on 'a rapid reduction in demand for motor vehicles.' It’s not just us Brits that aren’t buying cars, either.