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Former General Motors CEO nets multimillion-dollar retirement package
Wed, 15 Jul 2009Former 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.
1957 Ferrari 250 TR (Testa Rossa) smashes world auction record
Sun, 17 May 2009Ferrari 250 TR - Reached a world record price at today's Leggenda e Passione sale at Maranello We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000.
Ford Focus EV certified at 105 mpg-e by EPA
Fri, 02 Mar 2012The Ford Focus electric is officially the country's most fuel-efficient five-passenger car. The Environmental Protection Agency certified the vehicle at 105 miles per gallon-equivalent (mpg-e) in the combined cycle of city and highway driving. Mpg-e is how the government measures the efficiency of alternative-fuel vehicles.