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General Motors cancels plans for Buick compact crossover

General Motors has canceled plans for a compact crossover for Buick, vice chairman Tom Stephens said Wednesday in a posting on the company's blog. The five-passenger crossover was just announced earlier this month at an event in Northern Michigan. But GM reversed plans after negative feedback about the vehicle said that it didn't fit the premium characteristics associated with the brand.

GM stops Chevy Volt production to trim inventory

General Motors will idle the Detroit-area assembly plant that builds the Chevrolet Volt for more than a month to curb rising inventories of the plug-in hybrid. On March 1, GM told 1,300 workers at its Detroit-Hamtramck assembly plant in Michigan that it will shut down production for five weeks, starting the week of March 19. GM plans to resume production on April 23, spokesman Chris Lee said.

Confirmed: special Ferrari for 60th anniversary in USA

It’s been a busy week for Ferrari chairman Luca di Montezmolo. First he announced his resignation (effective from October) from the Italian sports car firm after 23 years at the helm. Then he proclaimed record financial results for Ferrari for the first six months of 2014 (£101.4 million profit) before declaring a special Ferrari model will be unveiled in October to celebrate 60 years of the Prancing Horse in America.