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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.

Art Center Car Classic features the world's great automobiles

It seems like we say this every year, but this year it's truly fitting: this was the best Art Center Car Classic ever. Consider that the show covered both ends of the Corvette spectrum, from Peter Brock and the rise of the original “Mitchell Corvette” -- which was right there parked on the grass -- to General Motors designer Pete Thomas and the new C7 parked not far away, with the Mako Shark and the '63 split-window Sting Ray lined up between. A couple car lengths from that was the debut of the finally finished Peter Mullin Bugatti Type 64, a spectacular re-imagining of Jean Bugatti's unfinished final car done by Art Center students and Transportation Design chair Stewart Reed.

James Bond's Aston Martin to light up London

With little more than a week to go, RM Auctions is gearing up for its fourth-annual Automobiles of London event. It's set for Oct. 27, with preview times beginning on Oct.