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GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

Honda CR-Z Mugen: First photos revealed

Honda CR-Z Mugen - almost ready for Goodwood We got news a couple of months ago that Honda were getting Mugen to do a tuning job on the CR-Z Hybrid and put together a ‘Concept’ for this year’s Goodwood Festival of Speed. But it seemed clear that although Honda were keen to point out that the Honda CR-Z Mugen would be a one-off, it was unlikely to stay that way. Honda are desperate to inject a bit 0f aggression in to the lethargic CR-Z, and a nippy Mugen version would help its image no end.

Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.