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CAR scoop: GM's $13 billion gamble (2013)

By Ben Whitworth Motor Industry 30 September 2013 09:45 GM Europe has racked up enormous losses every year since 1999; in 2012 it bled $1.8 billion while GM North America earned $6.9 billion before tax. Yet the Detroit mothership continues to pump billions into its European division, like a deluded gambler convinced his luck will change. Max Warburton, automotive analyst at Wall Street researcher, Sanford C.

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.

Fancy a pink Koenigsegg Agera R? Koenigsegg configurator launches

How bad can you make a Koenigsegg look? Koenigsegg has launched a configurator for the Agera and Agera R which allows total colour customisation of the interior and exterior. On Friday we revealed the Koenigsegg has introduced a raft of technical and cosmetic changes to the Agera and Agera R for 2012 (2013 MY) and that they’d be at the Geneva Motor Show this coming week to show what they’ve done.