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VW XL1 SEV to take on the hillclimb at Goodwood Festival of Speed

The super frugal – and super slippery – VW XL1 (pictured) will take on the Goodwood hillclimb Visitors to the Goodwood Festival of Speed can spend endless hours watching a seemingly endless precession of supercars take on the hillclimb. But one supercar this year will be a bit different. Volkswagen are taking their super slippery, super frugal supercar – the VW XL1 SEV – to Goodwood next month and are planning on taking it up the hillclimb in the capable hands of former F1 champion Jacky Ickx.

Build your Mercedes-Benz SLS AMG roadster with the new online visualizer

Want to know which of the five available shades of silver/gray your Mercedes-Benz SLS AMG roadster will look best in? Thanks to the new AMG online configurator, you're just a click away from discovering the answer. The site's Visualizer feature lets you choose SLS AMG roadster exterior and interior colors, wheel designs and convertible-top hues.

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).