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Electric-car guru Tom Gage steps down from AC Propulsion

Electric-car innovator Tom Gage resigned the morning of Oct. 5 from California company AC Propulsion, Autoweek has learned. Gage, the now-former CEO, joined the company in 1996, several years after its founding, and has become its public face and a widely used resource on electric cars.

BMW M3 Pick-Up (2011) first official pictures

A few weeks ago our spies snapped a BMW M3 pick-up being thrashed around the Nuburgring by M Division engineers, and now BMW has released the official pictures of its one-off M3 ute. It's a one-off, but it's not an April Fool's joke – this car exists, and M Division has plans for its future. So what's this BMW M3 Pick-Up all about?

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.