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GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

Peugeot 2008 crossover concept (2012) first pictures

If Peugeot's to survive its current financial woes, it needs to get younger buyers excited about the brand. Along with the 208 GTI, the brand will be showing this, the 2008 concept, at the Paris motor show. It's a small, urban-friendly crossover designed to be more practical than a standard supermini, combined with an eco-friendly 1.2-litre three-cylinder engine.

Early Mercedes sells for £720,000

ONE OF the oldest surviving Mercedes cars has sold at auction for an astronomical fee. The Mercedes Simplex 28/32 HPs Phaeton eventually sold for £720,000 at the Coys auction house True Greats sale in London. Still in complete and roadworthy condition, the car was reported to be in superb, drivable condition before its sale, which was the first time it had been auctioned in its near-109-year life.