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UK new car sales hit a 10-year high

UK new car sales continue to scale new heights, with more new cars sold in March 2014 than in any month in the past decade. Sales figures released by the Society of Motor Manufacturers and Traders (SMMT) reveal that 464,824 new cars were registered last month – a 17.7% rise over March 2014. It continues the trend of rocketing sales, with year-to-date registrations up 13.7%.

Goodwood Festival of Speed 2014 preview

By Michael Karkafiris Motor Shows 10 June 2014 13:16 The Goodwood Festival of Speed always stands out as a highlight in our automotive calendar and the 2014 event should be no exception. The iconic motoring celebration will take place from 26-29 June and this year Lord March is laying on all the usual treats plus a few surprises. The 2014 Festival of Speed's central feature will be Mercedes celebrating 120 years of motorsport achievements and a century since the famous 1-2-3 victory in the 1914 French Grand Prix.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.