2006 Range Rover Sport Grilles on 2040-parts.com

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.

Los Angeles auto show 2009: news, blogs, reviews

The Los Angeles auto show 2009 is underway! CAR's staff writer Ben Pulman and CAR Online reader reporter Car4mh are blogging from the LA Convention Center – and you can follow their live feeds below for all CAR's LA motor show news, analysis, photos and opinion in the CAR live blog. NB Newest updates added at the top, so scroll to the bottom to start on day one; all times below are local LA o'clock (eight hours behind GMT); BP is Ben Pulman, MH is Mark Hamilton 4.00pm: Stopped at the South HallMH Never mind, it's shut.

Saab’s Jan Åke Jonsson retires, 2010 earnings & deals in Russia & China

Saab's CEO Jan Ake Jonsson to retire after almost 40 years with Saab It’s been a difficult period at Saab, what with trying to survive as GM came close to closing the Swedish car maker down in the absence of a ‘suitable’ buyer, through being taken over by Spyker and then trying to replace their entire range. And it’s taken its toll on Saab boss Jan Åke Jonsson. It’s been announced that – after nearly 40 years with Saab – 59-year old Jan Åke will step down from his job in May and hand the reins over – temporarily – to Spyker’s Victor Muller until a replacement can be found.