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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.

Silverstone To Celebrate Hosting 50 F1 Races In Style

THE famous Silverstone Circuit is gearing up to celebrate its 50th Grand Prix race this weekend, and it’s a milestone that will be celebrated not once, but twice during July. First, the golden anniversary will be marked by a parade of F1 cars over this coming British Grand Prix weekend. Then, three weeks later, the birthday party revs up when the Northamptonshire venue stages the annual Silverstone Classic (25-27 July).

Parents 'taxi drivers' for their children

PARENTS spend around six months of their lives playing taxi driver for their children, a poll has found. A new survey claims that the average mum and dad clocks up around 30 miles a week ferrying their youngster to school, to clubs and to see friends, spending around three-and-a-half hours in the car. It means that the average parent racks up around 26,741 miles driving their child around between the ages of three and 20, and spends around 3,147 hours behind the wheel, according to Goodyear, which commissioned the poll.