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GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

Watch this McLaren 650S hot-lap Monza

Here's a short video of the McLaren 650S lapping the Monza racetrack in Italy. The 3-minute, 40-second clip features the company's latest supercar doing high-speed pass-bys and revving engines at the gas station. The footage came out of the “Pure McLaren Driving Experience,” an event put together for company VIPs.

Seven automakers agree on standardized fast-charge system for EVs

Seven automakers have agreed to use a common single-port fast-charging system for electric cars in the United States and Europe. The goal is to reduce development costs and make it easier for consumers to adopt electric vehicles. Audi, BMW, Daimler, Ford, General Motors, Porsche and Volkswagen will use identical charge plugs and the same system for communication between the charger and the car in their electric vehicles.