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GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

Aston Martin Vanquish Volante (2013) at Frankfurt motor show

New models are coming thick and fast in Aston Martin's centenary year: here’s the drop-top Aston Martin Vanquish Volante. The soft-top flagship is the first convertible Aston with a carbon body, making the stiffest and most powerful drop-top it has ever built. Its 565bhp drivetrain has been taken straight from the Aston Martin Vanquish coupe – the most powerful Aston to date – but the Volante adds 105kg and an extra £6000 for a starting price of £199,995.

Nissan's London taxi to be assembled in Coventry

NISSAN has announced that final assembly of its new NV200-based London taxi will take place in Coventry, contributing to a £6 million investment in a brand new facility. ADV Manufacturing will undertake the final production stage before each unit then heads for the streets of the English capital. Andy Palmer, Chief Planning Officer and Executive Vice President of Nissan Motor Corporation, revealed the news as part of his address to students at Coventry University, where he was delivering the prestigious Bugatti Lecture on the future of motoring.