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GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.

Autoweek in review: The Woodward Dream Cruise and Pebble Beach Concours, Ferrari F12 and a lost Cunningham Corvette

For 2012, Autoweek dove headfirst into covering one of the best rolling car shows in the world, the Woodward Dream Cruise. With a whole section devoted to its build-up and celebration, we've got photos, videos and stories galore. At the same time, the West Coast got the annual treatment in Monterey for Pebble Beach Concours and all the car-crazy events that go with it.

Hybrid Cars are Dangerous

Hybrid cars are reckoned to be dangerous to vision-impaired pedestrians - but Lotus has a solution with 'Safe & Sound' But this is about the problems that are starting to arise when Hybrids (and EVs for that matter) are running ‘Silently’. And with sales of Hybrid cars rocketing – particularly in Japan – it is causing concern to the authorities. So the Japanese Government has set up a panel to investigate the problem, consisting of consumers, vision-impaired groups, the police and representatives from the car industry.