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General Motors emerges from bankruptcy

A historic fresh start for General Motors began today, as the remade company has emerged from bankruptcy with fewer brands, factories and workers. The No. 1 U.S.

Chevrolet to add the Sonic name, drop Aveo on its next subcompact

Chevrolet will drop Aveo and adopt a new name - Sonic - when its remodeled entry-level subcompact debuts next year. Chevrolet and General Motors Co, officials have been considering a name change for the subcompact sedan since October. GM North America President Mark Reuss said confusion over how to pronounce “Aveo” had sparked the desire for a change.

Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.