Video And Pictures Of New 2010 Porsche Cayenne

March 11th, 2009

Road and Track has pictures of the new 2010 Porsche Cayenne. Apparently photographers have caught the new version of the Porsche SUV during testing. It is reported that the new Cayenne will be smaller than the current generation. In fact the test model has fake chrome accent strips that extend past the window to make it look larger than it really is. The spy photos also include pictures of the Cayenne with a Volkswagen Touareg, which the apparently had a wheel base that was about 2 inches longer than the current production model. This means that possibly the two vehicles will not share as many parts as they had for the previous generation. There is also a video that shows the Cayenne during testing at the famous Nürburgring track in Germany.

Automotive News

March 11th, 2009

DETROIT – General Motors Corp. posted a $9.6 billion fourth-quarter loss and said it burned through $6.2 billion of cash in the last three months of 2008 as it fought the worst U.S. auto sales climate since 1982 and sought government loans to keep the century-old company running.

The nation’s biggest domestic automaker said Thursday it lost $30.9 billion for the full year and expects to state in its upcoming annual report whether its auditors believe the company remains a “going concern.” GM and its auditors must determine whether there is substantial doubt about the automaker’s ability to continue its operations. GM burned through $84.7 million a day in 2008.

Chief Financial Officer Ray Young said the determination will depend a lot on whether GM gets further government loans and whether it can accomplish its restructuring goals