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Remember this day in GM history: The next century of automotive success starts now

President Obama's administration made history today with what some see as nothing short of government meddling in the affairs of big business. What I see is something else: I see the administration showing that it is serious and raising the level of concern from yellow to orange. Now there is a firm deadline and a message to bondholders, United Auto Worker union members and the American public: Do not be surprised if in the next 30 days--or even sooner-General Motors files for a controlled bankruptcy.

Mercedes-Benz Launches 'Style' Division

Mercedes-Benz has launched Style, the Stuttgart-based automaker's answer to BMW's DesignworksUSA design consultancy. Mercedes-Benz's Style sub-brand will be charged with designing bespoke luxury goods from aircrafts, to yachts, furniture and more. Its aim is to place the company in the avant-garde of the luxury market.

'Monster' Tajima breaks his own record at Pikes Peak International Hill Climb

Nobuhiro "Monster" Tajima used the extra pavement to his advantage and smashed his old Pikes Peak International Hill Climb record by more than 10 seconds on June 26, with a finishing time of 9 minutes, 51.278 seconds. Tajima's old record of 10 minutes, 1.408 seconds was set in 2007. Hyundai driver Rhys Millen came in second in the Unlimited class with a time of 10 minutes, 9.24 seconds.