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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.

Rolls Royce Wraith Drophead Coupe confirmed for production.

The Rolls Royce Wraith (pictured) will get a Drophead sibling in 2016 It was always likely that Rolls Royce would take their ‘affordable’ model – the RR Ghost – and make a coupe version. What wasn’t really on the cards is that they would give it a more dramatic style – and a more driver-focused experience – and tag a name from the past on it to create a new Rolls Royce Wraith for the 21st century. But that’s exactly what they’ve done, and the Wraith does seem to be an effective tool for Rolls Royce to extend the appeal of their cars to a new, perhaps younger, demographic.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.