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GM posts wider loss, burns through $5.2 billion in cash
Thu, 26 Feb 2009General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.
U.S. auto-safety agency study finds driver error in most Toyota accidents
Tue, 10 Aug 2010Brakes weren't applied by drivers of Toyota vehicles in at least 35 of 58 crashes blamed on unintended acceleration, U.S. auto-safety regulators said after studying data recorders. The National Highway Traffic Safety Administration also saw no evidence of electronics-related causes for the accidents in reviewing the vehicle recorders, known as black boxes, the agency said today in a report to lawmakers.
Subaru Hybrid Tourer Concept (2009) revealed
Wed, 30 Sep 2009By Ben Pulman First Official Pictures 30 September 2009 10:56 This is Subaru’s Hybrid Tourer Concept, set to be unveiled at the 2009 Tokyo motor show later this month. Got it in one, as the unadventurous name gives the game away. Inside there a four big leather-covered seats and a flat floor, and there’s easy access via the huge gullwing doors.