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Cadillac Elmiraj concept (2013)

Cadillac has revealed its Elmiraj grand coupé concept, which showcases its plans for its next-generation flagship sports models. The four-seater concept – which measures in at 5,207mm long, 1,930mm wide and 1,397mm high – was designed at General Motors' advanced design studio in North Hollywood, California, under the direction of Frank Saucedo and is an evolution of last year's Cien concept. Mark Adams, Cadillac design director, says, "Elmiraj advances Cadillac's provocative modern design and performance, contrasted with bespoke craftsmanship and luxury.

NHTSA unveils new safety ratings; BMW and Hyundai first to get five stars

The 2011 BMW 5-series and the Hyundai Sonata were the first two cars to achieve five-star ratings under NHTSA's revised safety ratings announced on Tuesday. The National Highway Traffic Safety Administration will rate a total of 24 cars, 20 SUVs, nine pickups and two vans for the 2011 model year. The federal agency has significantly modified its rating process and will now grade side-pole testing and crash-prevention technologies such as lane-departure warning and electronic stability control.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.