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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.
Renault Twin’Run takes on Renault 5 Turbo & Clio V6 (video)
Sun, 26 May 2013Renault Twin’Run takes on the Renault 5 Turbo and Clio V6 It’s only a couple of days since the Renault Twin’Run Concept sprang in to life, complete with V6 Turbo powering the back wheels and looking for all the world like a spiritual successor to mad Renault’s from times gone by – like the R5 Turbo and Clio V6. And it seems that’s a point Renault want to make very clear as they appear to be about to launch a short ‘Adventure’ film starring the Twin’Run, R5 and Clio out playing, just so we all know what the Twin’Run’s heritage is. But this is Renault – and they’re French, you know – so instead of recruiting a trio of boy racers to pilot the three hot hatches they’ve enlisted the skills of a trio of beautiful women.
Alfa Romeo & Mazda to build new roadster
Wed, 23 May 2012Mazda & Alfa to jointly develop a new roadster Alfa Romeo and Fiat have signed an agreement to build a new new RWD roadster based on the next generation Mazda MX-5 platform. Sergio Marchionne is a big believer that the only way to survive as a mainstream car maker is to be as big as possible and share development costs whenever you can. Which explains – from the Fiat point of view – why Alfa Romeo has entered in to an agreement to produce a new roadster with Mazda to be based on the next generation Mazda MX-5 RWD platform.