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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

Gar Wood's Miss America VIII race boat to be auctioned in Florida

Famed boat racer Gar Wood's two-time Harmsworth Trophy-winning race boat, Miss America VIII, will be offered at Mecum's Kissimmee Auction on Jan. 28 in Kissimmee, Fla. Wood piloted the boat to the Harmsworth Trophy in 1929 and 1931, the latter event witnessed by more than 600,000 people gathered on the shores of the Detroit River to watch.

Mercedes S-class coupe (2014) first official pictures

By Ollie Kew First Official Pictures 11 February 2014 10:00 Let’s concentrate on the bits of the new Mercedes S-class coupe which aren’t shared with its four-door saloon sister. Naturally, the replacement for the CL uses the same engines as the saloon, and carries over the same stunning dashboard inside. Yet there are more differences than just the door count here… Of most interest to keen drivers is the revised Magic Body Control suspension.