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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.

Porsche Panamera hits the heights in Shanghai

A Porsche Panamera on its way to the 94th floor of the World Financial Centre in Shanghai [ad#ad-1] The stories of car makers doing daft things with cars to garner a bit of publicity have been rarer of late. Which, considering the sombre mood of car makers and the car buying public in recent months, is no real surprise. Even Motor Shows have been relatively sombre affairs (the Detroit Motor Show was particularly muted in 2009), but China is still booming, and the Shanghai Motor Show has been pretty much an old fashioned, glitzy affair.

Pumped up Chevy previews new Lacetti

By Phil McNamara Motor Industry 07 September 2006 08:47 Chevrolet has issued this sneak preview of its forthcoming family hatch – disguised as a World Touring Car. Disregard the pram handle wing, snowplough undertray and steroidal wheelarch extensions, and you have the car to replace the current Lacetti in around 2008. The production model should use GM's next-generation Delta platform, which will also underpin the next Astra and a proposed Saab hot hatch.