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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.

Jaguar C-X75 Hybrid Supercar development showcased on video

Jaguar showcase the development of the C-X75 hybrid supercar on video After little news on the Jaguar C-X75 – Jaguar’s hybrid supercar – after production plans were cancelled at the end of 2012, this last week has seen a flurry of activity. We’ve had a few select publications given the chance to take a ride – and a brief drive – in the C-X75 at Gaydon, and Jaguar decided to release some new photos of the C-X75 in a fetching shade of blue. We’ve also had the suggestion that Jaguar will give the F-Type a 700bhp version of the C-X75′s hybrid powerplant.

GT supercar designer leaving Ford

Designer Camilo Pardo, credited with drawing the Ford GT supercar, is leaving the automaker after a 24-year career with the company. Pardo, 45, confirmed to AutoWeek that he is leaving Ford, but he declined to give details. He said final details of his departure have yet to be worked out.