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New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

GM dips into US govt coffers again

2009-05-23 15:16
General Motors Corp. says it has borrowed an additional $4 billion from the US government.

GM had already borrowed $15.4 billion and previously said it would need to borrow an additional $2.6 billion more by June 1. But in a regulatory filing Friday, GM says it needs an extra $1.4 billion before that date.

The company borrowed the additional money Friday.

Because it is borrowing more money now, GM says it now will need $7.6 billion in loans after June 1, instead of $9 billion.

Friday's loan instalment means GM has now borrowed $19.4 billion from the Treasury Department.

Sapa-AP


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