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Australia's Holden to cease production after 2017, GM says

General Motors, in the latest blow to Australia's auto industry, will end vehicle and engine manufacturing and scale back engineering operations in the country by the end of 2017. The company's Holden unit, a mainstay in Australia for decades, cited the high cost of manufacturing in one of the world's smallest but most competitive markets and one that has also been upended by a steady rise in imports, mostly from southeast Asia. There has been widespread speculation of the move in recent days and earlier Tuesday, in Australia, GM officials said no decision had been made.

Report: Chevrolet Cruze, Toyota Corolla lowest lease payments in May

The Chevrolet Cruze and Toyota Corolla sedans offered the lowest average monthly lease payments in May, according to records by Swapalease.com. On average, Chevy Cruze lessees paid just $214 per month, while average Toyota Corolla lessees paid $234. Records show the cheapest alternative fuel vehicle's lease is the Chevrolet Volt at $315.

Chevrolet Spark EV revealed

The Chevrolet Spark EV – an electric version of the Spark – has been revealed ahead of the Los Angles Auto Show this week with a 130hp electric motor. Key to the appeal of the new Chevy Spark EV is the sort of power and performance you’d normally only see in a little hot hatch. The Spark EV comes with an electric motor that churns out 130hp and a massive 400lb/ft of torque.