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GM financial results

By Ben Whitworth Motor Industry 10 November 2008 10:07 GM is on the ropes. In an official statement made late Friday night the carmaker said under current market conditions it would run out of cash in the first half of next year. And Ford is not far behind… Hard to believe?

Money flows at Monterey Auctions

Buyers of classic vehicles have dug deep into their pockets at auctions on the Monterey Peninsula, easily topping the sales totals from last year with one auction still remaining. More than $203 million has been spent on 704 vehicles, for an average sale price of $288,360. In 2011, the auction houses set a record for total sales during Pebble Beach week at $197,732,538 having been spent on 881 vehicles for an average sale price of $224,441.

First Sight: Mercedes-Benz SL

The new high-tech, low weight Mercedes SL roadster receives its official global unveil next week in Detroit but Car Design News got an early peek of the final production car and had a chat with its designers at Mercedes' US advanced design studio in Carlsbad, California back in November. "We want to get back to clean, long-lasting design," director of Mercedes global advanced design and SL project leader, Steffen Kohl told CDN at the exclusive preview of the sixth-generation model. "So the new SL is long, sleek and still full of tension in the feature lines but less wedgy." In a short presentation Kohl felt all SLs became successfully iconic in their times because they followed two key rules – ‘sensuality' and ‘cleanness' – but alluded that the first rule may have been lost in more recent eras.