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GM to slash global vehicle platforms by more than half, to 14, by 2018

General Motors says it will cut the number of vehicle platforms it uses globally by more than half over the next decade, in a bid to reduce complexity and save on product-development costs. “More of our components will be common, and more of our vehicles will be on global architectures,” GM CEO Dan Akerson told analysts on Tuesday. His remarks came as GM kicked off a series of presentations online, billed as its 2011 Global Business Conference.

Volkswagen Golf Economy Range launched

Volkswagen has released a range of Eco cars - The VW Golf Economy Range With the obsession by car makers with CO2 emissions (but only because Governments structure their targets on CO2 levels) the aim of these Eco Golfs is to trim CO2 levels down, and they’ve succeeded in getting the whole Golf Economy Range under 120g/km, and the Golf BlueMotion down to 107g/km. Three versions of the 1.6 TDi are offered – a 90PS version, a 105PS version and a 105PS BlueMotion version. VW has achieved the lower emissions with aerodynamic tweaks, longer gear ratios and regenerative braking.

Ultra-rare 1936 Bugatti Type 57SC Atlantic sold

A 1936 Bugatti Type 57SC Atlantic was sold to an undisclosed buyer, auction house Gooding & Co. said on Wednesday. The price was not revealed, but it's believed to have sold for between $30 million and $40 million.