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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

McLaren F1 GTR sells for record amount in Scottsdale

One of the most successful McLaren F1 GTR race cars sold at the Gooding & Co. Scottsdale auction over the weekend, bringing in $5.28 million. This 1997 F1 GTR is one of 10 longtail cars built for the 1997 FIA GT season, and it's one of only 28 made in GTR-competition specification.

Mercedes E-Class Cabriolet (2010 / 2011) Official

First official pictures of the Mercedes E Class Cabriolet 2010/2011 Well, it had to happen soon. The reveal of the new Mercedes E-Class Cabriolet, that is. We’ve had the teaser bits on the new AirCap system a few days ago which pretty much showed the car in production form, so Mercedes has got their act together, sent us a heap of pictures and a press release.