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Remember this day in GM history: The next century of automotive success starts now

President Obama's administration made history today with what some see as nothing short of government meddling in the affairs of big business. What I see is something else: I see the administration showing that it is serious and raising the level of concern from yellow to orange. Now there is a firm deadline and a message to bondholders, United Auto Worker union members and the American public: Do not be surprised if in the next 30 days--or even sooner-General Motors files for a controlled bankruptcy.

BMW teams up with U.S. Olympic Committee

The ultimate driving machine is helping Team USA reach for gold medals. BMW Group announced on Monday that it has been named the official mobility partner of the United States Olympic Committee (USOC) through 2016. BMW will also work with four national governing bodies, USA bobsled and skeleton, speed skating, swimming and track and field.

Saleen announces new electric supercar

Californian tuner and sometimes supercar-builder Saleen has confirmed it is working on an all-new electric car, with plans to debut the new model in 2015. Perhaps best known for the 248mph Saleen S7 Twin Turbo, which went out of production in 2009, the firm specialises in providing performance upgrades for modern American muscle cars, including the Ford Mustang and Chevrolet Camaro. On Bing: see pictures of the Saleen S7 Find out how much used muscle car costs on Auto Trader However, Saleen is keen to get into the bespoke supercar game again, and is claiming in a newly released statement that its forthcoming electric vehicle will be ‘unlike anything currently in the market place.’ Exactly what this would entail is unclear at this stage, but the Saleen is saying ‘Throw out your pre-conceived notions and expectations.