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GM tipped to buy Tesla in 2014 - report

Tesla Motors Tesla has made a real splash in the electric-car scene, so it should come as no surprise that its success is generating renewed interest in the fledgling start-up. New media reports in the US suggest that one of America's biggest car makers, General Motors, is considering buying Tesla in 2014. Veteran auto industry analyst Yra Harris, of Praxis Trading, told CNBC that GM may make a bid for Elon Musk's electric vehicle (EV) specialist in the coming months.

Hennessey-tuned Ford GT does a 235.1-mph Texas two-step

A few times a year, some of the fastest and most powerful cars meet in Texas for an adrenaline-filled weekend of top-speed runs called the Texas Mile. The high-performance machines have one mile of arrow-straight runway to get the highest top speed at the one-mile marker. It was the right mix of conditions for Mark Heidaker and Sean Kennedy, who drove their twin-turbocharged Ford GT to a top speed of 235.1 mph down the runway into a decent headwind of 20 mph.

Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.