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Consumer Reports gets top vehicle picks mostly right

Despite the publication's uncomfortably broad definition of reliability -- it spans everything from "the engine fell out" to "the touchscreen display shows fingerprints too easily" -- automakers still clamor to get on the Consumer Reports recommended vehicle list. This year's winners cover a broad spectrum of vehicles, and for the most part, we're in agreement with the magazine's editors, with one significant exception at the top of the list. Best overall vehicle went to the Tesla Model S.

Magna mulls Pininfarina takeover

Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.