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UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

Ford GT40 prototype sold for £4.2 million

One of four original Ford GT40 racer prototypes has sold at auction in the US for a staggering $7 million. That's £4.2 million. The Ford GT40 is famous for several things – being the product of Ford’s frustrated attempt to buy Ferrari, becoming an enormously successful Le Mans winning racing car and standing just 40 inches tall.

Chevrolet Volt for European sale in November 2011

Chevrolet will start selling the Volt range-extender hybrid from European Chevy outlets in November 2011 and plans right-hand drive from UK launch in spring 2012. It means that GM will offer Europeans the choice of the Volt or the Opel/Vauxhall Ampera – the Euro spec version of the same car. Although prices are not yet set for either model, CAR understands the Chevy is likely to be positioned slightly cheaper than the Vauxhall.