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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

Festival of Speed: onboard with David Coulthard up the Goodwood hill

If you’re able to arrive early enough on Thursday for Goodwood’s Moving Motor Show you might just be able to book yourself a slot to drive up the famous hillclimb course with one of the many manufacturers displaying their cars. Few mere mortals get the opportunity to drive up the hallowed tarmac at Goodwood – it’s more often reserved for F1 aces and motorsport heroes, such as a certain David Coulthard. In this video from Mercedes-Benz, DC takes us on a guided tour up the hillclimb, corner by corner behind the wheel of a suitably glam Merc SLS Black Series.

First Ferrari F12 in U.S. goes for $1.125 million

The first Ferrari F12 Berlinetta in the United States was sold on Saturday at the Formula 1 U.S. Grand Prix in Austin, Texas for $1.125 million. The auction benefited Hurricane Sandy victims.