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British team aim for electric world record
Mon, 16 Sep 2013A BRITISH team headed by Lord Drayson is seeking to set a new World Land Speed Record with its electric racing car. The Drayson B12 electric Le Mans racing car is heading to the Bonneville Salt Flats in Utah, USA in a bid to raise the current record for electric cars weighing less than 1000kg. Recently, the team set a new British record of 204.185mph with the same car.
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.
GM posts quarterly net income of $1.96 billion
Wed, 10 Nov 2010General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.