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Remember this day in GM history: The next century of automotive success starts now

President Obama's administration made history today with what some see as nothing short of government meddling in the affairs of big business. What I see is something else: I see the administration showing that it is serious and raising the level of concern from yellow to orange. Now there is a firm deadline and a message to bondholders, United Auto Worker union members and the American public: Do not be surprised if in the next 30 days--or even sooner-General Motors files for a controlled bankruptcy.

Ford Euro tuning partner Mountune sets up shop in US

U.K.-based Ford tuner Mountune is opening up a satellite location in California. The company is not well known on this side of the Atlantic, but across the pond it enjoys the status of being Ford's official European tuning partner. Mountune will be offering high-performance racing components for a number of Ford vehicles in the states, and we're excited to see what they'll be able to do with the rabid Ford Focus ST and Fiesta ST models.

Climax Sports Racer revealed

The £92,000 Climax Sports Racer British firm Climax has revealed it’s readying a road-going race-car to rival others in the niche like the Ariel Atom and the Caparo T1. Imaginatively named The Climax Sport Racer the new car gets powered by a Ford 4.6 V8 developing 345bhp with a supercharged version offering 415bhp. All that grunt is driven through the rear wheels by a 6-speed Graziano GT ME1 gearbox.