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Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

Geneva Motor Show 2007 - Preview

The 2007 Geneva Motor Show opens its doors with the media preview days starting March 6th. This year's show is set to be a vintage year for production models with a small cars such as the new Renault Twingo, Mazda2 and Skoda Fabia all being launched. Further up the scale, both Ford and Fiat will show replacements for key models - the third generation Mondeo and stunning new Bravo respectively.

One Lap of the Web: Semi-truck drifting, quintessential British cars and Jay Leno's Garage

We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- When you think of Gymkhana, you normally just think of Ken Block ripping up streets with a Ford Fiesta.