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CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.

Pfadt Race Engineering Cadillac ATS hits 162.5 at Texas Mile

Pfadt Race Engineering is claiming it has the world's fastest Cadillac ATS after clocking 162.5 mph in the standing mile at the latest Texas Mile event in Beeville. Pfadt used the turbocharged four-cylinder ATS as a starting point and upgraded the turbo, intercooler, suspension and exhaust. Pfadt says the engine improvements are responsible for adding more than 100 extra hp in the lightweight luxury sedan, which starts with 272 hp.

First 2012 Chevrolet Camaro ZL1 goes for $250,000 at auction

The first 2012 Camaro ZL1 put up for sale brought $250,000 at the Barrett-Jackson auction in Las Vegas on Sept. 24. Fairway Chevrolet-Buick-GMC put the new ZL1 up for auction, with proceeds going toward the Southern Nevada YMCA.