Ferrari sells for record $38 mln
A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California.
16 August 2014
Electric cars fail to rev up car-mad Germans
Germany is ranked the most fuel-efficient country on the planet, but when it comes to electric vehicles, Europe's top economy is in the slow lane.
Formula One: S.Africa's Kyalami track to be sold
South Africa's Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, will be sold and could be lost to motorsport, auction organisers said.
Bad day at the office: India hotel valet crashes LamborghiniA valet at a five-star hotel in the Indian capital caused $335,000 worth of damage to a Lamborghini Gallardo after crashing it into a concrete wall in front of horrified guests, a report said.
10 July 2014
GM to invest $740 mn in new Argentina factoryGeneral Motors will invest $740 million in Argentina through 2016 on its first South American factory turning out aluminum motors, Buenos Aires announced.
GM recalls another 3.4 mn cars for ignition problemGeneral Motors on Monday recalled 3.4 million cars in North America to fix an ignition problem that could cause the car to lose power that is linked to injuries.
17 June 2014
Ferrari may leave Formula One: reportFerrari chairman Luca di Montezemolo may pull his team out of Formula One because it "isn't working" and the Italian firm may switch to sports-car competition, he told Friday's Wall Street Journal.
14 June 2014
Nissan unveils newest all-electric vehicleNissan unveiled its second all-electric vehicle, the Japanese automaker's latest push into the eco-friendly car sector despite disappointing sales.
10 June 2014
GM fires 15 over ignition scandal but says 'no coverup'General Motors chief executive Mary Barra said Thursday that the company has fired 15 mostly senior executives over the deadly ignition scandal that has placed the automaker under federal investigation.
Ford recalls almost 1.4 million cars in North AmericaUS automaker Ford Motor issued safety recalls Thursday for nearly 1.4 million cars in North America, mostly in the US, to fix potential steering and other problems.