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Concept Car of the Week: Mercedes T80 (1939)

In the decade before World War II, no other carmaker even came close to matching the combined dominance of Mercedes-Benz and recently founded Auto Union. Supported by Adolf Hitler's Nazi government, the two brands had grander plans to demonstrate Germany's technological supremacy. In August 1936, Auto Union engineer Ferdinand Porsche and race car driver Hans Stuck approached Wilhelm Kissel, chairman of Daimler-Benz, and presented a plan to build a car that would set a new land speed world record.

GM lobbyist Ferguson named global head of Cadillac

General Motors has appointed its chief lobbyist to the newly created post of global Cadillac chief, a step aimed at transforming the American luxury brand into a strong worldwide player. Robert Ferguson, 53, who has been GM's vice president of global public policy, becomes vice president of global Cadillac. He reports directly to GM CEO Dan Akerson, the company said today.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.