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NYC carriages about to go extinct?

If you love taking horse-drawn carriage rides in New York City, you best hurry -- they might be replaced with new horseless carriages by next year. At the New York auto show Florida-based car restoration firm The Creative Workshop introduced an eight-passenger electric horseless carriage designed to replace today's horse-drawn carriages. The company says its car blends “early 20th-century style, nostalgia and romance with 21st century eco-technology, comfort and safety,” calling the Horseless eCarriage the first brass-era-type car in more than 100 years.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.

Fiat 500 1957 Edition revealed ahead of LA Auto Show

While American teenagers were cruising around in finned interstate crushers, Europeans of all ages were discovering the wonder of automobile ownership thanks to the tiny, affordable Fiat Nuova 500, introduced to a car-hungry public in 1957. The little two-cylinder city car was a smash hit, with 3,893,294 built before production ended in 1975. Fiat 500 production resumed in 2007, but the new car was vastly different from the original: Its engine gained two cylinders and moved to the front of the car, while its footprint, though diminutive by American standards, positively dwarfs that of its predecessor.