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Ferrari's Corse Cliente takes to the track

UPDATED with video below! The Ferrari FXX and 599XX can be bought for oodles of cash--except you can't take them home when you leave the dealership. Ferrari's Corse Cliente program allows well-to-do owners a chance to help in the development of new sports cars.

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

Cadillac may get future rear-drive hybrids

General Motors' two mode hybrid powertrain, used only in trucks, will migrate to rear-drive cars in the next generation, said Tom Stephens, GM's vice chairman of global product operations. Two likely candidates: Cadillacs, says consultant Jim Hall of 2953 Analytics in suburban Detroit. Last month, GM said it is developing an electric motor that is 25 percent smaller and 20 percent more powerful than the motor used in today's two mode hybrid full-sized trucks.