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Lamborghini Gallardo pays homage to longtime test driver

Lamborghini is paying tribute to its longtime test driver, Valentino Balboni, by putting his name on a limited run of rear-wheel-drive Gallardos. It's called the LP 550-2 Valentino Balboni, which denotes the 550-hp rating. It's the only current Lamborghini that channels power to just the rear wheels.

Aptera Motors reaches end of the road

Start-up EV manufacturer Aptera Motors has announced it is going out of business. The brainchild of former Chrysler brand manager and CEO of ASC Inc, Paul Wilbur, the company had gained approval for a $150 million loan from the U.S. Department of Energy's advanced vehicle fund, but was unable to find further backing.

General Motors board delays decision on favored Opel bidder

General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.