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Pagani Huayra: The Why-Air-Ra is better in Red. And in the flesh

The Pagani Huayra on the Geneva floor. A picture in red carbon fibre Horacio Pagani has brought along his long-awaited replacement for the Zonda – the Pagani Huayra – to the Geneva Show floor. And it looks a lot better in the flesh than even the best of the Huayra photos we’ve seen so far.

Obama's second term: More EVs, safety

President Barack Obama's second term likely will include a return to an agenda of support for electric vehicles and also could clear the way for new rules on tailpipe emissions and auto safety that his appointees have been eager to release. Obama's fellow Democrats retained control of the Senate, while Republicans kept their House majority In his victory speech, Obama said he plans to meet with Republican challenger Mitt Romney in coming weeks to discuss ways to move the country forward. He also saluted Romney's father, George, who once ran American Motors, a company absorbed by Chrysler in 1987 and whose Jeep became a flashpoint during the campaign.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.