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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.

Fiat demonstrates (for us prudes) how to sell cars, the Italian way

Italians are nothing if not imbued with salaciousness. At the Los Angeles Auto Show last week, Fiat leapt upon this fact with a seemingly undiscovered gusto, like a high-school kid who just had his first beer and is—as we speak—rushing to his friends to tell them all about it. You can watch the thing here in its entirety.

Renault Symbol

As one of the fastest growing automotive markets in the world, Russia and the Moscow Motor Show is gaining its share of the spotlight, with an increasing number of major auto manufacturers choosing to debut new vehicles at the show, just as Renault is with the all-new Symbol/Thalia. Jointly designed by Renault teams in France, Turkey and Romania, the C-segment three-box sedan was developed in 26 months. With a length of 4260mm and a height of 1430mm, the Symbol/Thalia is a no-frills design with abstained lines and surfaces and a larger DLO to body ratio when compared to other European-styled vehicles.