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Get ready for the New GM

Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury.

Audi outlines seven tech innovations

Audi has revealed details of seven new innovations being explored by its designers and engineers including electromobility, ultra-lightweight construction, networked mobility and lighting technology. Lighting design The team in charge of lighting design – an area in which the company is the current leader in terms of LED daytime running lights and headlights – and next up they plan on introducing OLED technology (Organic Light Emitting Diode) to its vehicle range. Only a few nanometers thick, this paste-like material spans the space between the anode and cathode, both of which are enveloped in an electrically conductive coating.

Hungarian GP qualifying: Rosberg on pole for Mercedes – Hamilton out of qualifying after car fire

Hungarian GP qualifying: Rosberg (pictured) on pole for Mercedes Lewis Hamilton seems to have had most of the unreliability problems that have hit Mercedes this year, but a fire in his car before he even set a time in qualifying for the 2014 Hungarian Grand Prix today in Budapest was a cruel blow to his title chances. Hamilton managed to limp his stricken car in to the pits as flames licked round the back after what appears to have been a fuel leak, but that means Hamilton will start from the back of the grid tomorrow, making it incredibly difficult to get even close to Rosberg who finished qualifying on pole. Behind Rosberg, Sebastian Vettel managed to put the Red Bull in second, with Williams’ Botas in third during a final qualifying that saw rain drench the first corner, nearly claiming Rosberg and sending McLaren’s Magnussen in to the tyre barrier and out of Q3.