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Chrysler recalls Jeeps for fire risk

Chrysler has decided to recall 2.7 million 1993 to 2004 Jeep Grand Cherokee and 2002 to 2007 Liberty models for a potential risk relating to the fuel tank placement between the rear bumper and rear axle. The recall is initiated 15 days after the automaker originally denied a request following a National Highway Traffic Safety Administration investigation. On June 4, one day after NHTSA's finding, Chrysler rejected the request in a media statement, stating the NHTSA's initial conclusions are based on “incomplete analysis of the underlying data.” Chrysler said the impacted models met or exceeded all applicable requirements of the Federal Motor Vehicle Safety Standards, including the ones pertaining to fuel system integrity.

Lamborghini Aventador LP700-4 (2011) at 2011 Geneva motor show

This is the Lamborghini Aventador LP700-4, the new V12 supercar from Sant’Agata. After months of speculation, leaks and drip-feeding, the Lamborghini Aventador LP700-4 has finally been unveiled on the eve of the 2011 Geneva motor show at the VW’s Group pre-show party. It features an all-new 6.5-litre engine, a carbonfibre chassis and stunning looks.

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.