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Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

Museo Casa Enzo Ferrari opens in Modena [w/video and gallery]

A new Ferrari museum opened this weekend in Modena celebrating the life and work of Enzo Ferrari, the legend behind the Italian supercar icon. The €18 million Museo Casa Enzo Ferrari, which is built on the ruins of the birthplace of Enzo Ferrari, not only features iconic Ferraris from throughout the company's existence but also includes other cars with links to the Modena valley area. The new gallery – crafted from yellow aluminum, the color of Modena and the prancing horse logo's background – not only charts the key moments in Enzo's life but also showcases how Modena became the traditional home of other iconic Italian supercar makers such as Maserati, De Tomaso and Pagani.

Nissan Bevel concept

By Phil McNamara Motor Shows 08 January 2007 11:59 Nissan Bevel: the lowdown This is the Bevel, a concept car that makes a Swiss Army knife look one-dimensional. This versatile vehicle is more suitable for tradesmen than a van, has the interior flexibility of an MPV and looks that blend SUV- and people carrier-cues. Nissan's designers claim to have spotted a contemporary demographic – a group of 45-60-year-old males, who allegedly go bob-a-jobbing around the neighbourhoods helping others – and created a futuristic-looking van for these 'everyday heroes'.