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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.

Lexus CT 200h by Fox Marketing gets 300bhp

Lexus CT 200h by Fox Marketing gets a Supercharger and 300bhp You may recall, at the end of last month, we reported on the Lexus CT 200h by Fox Marketing, a pimped and tarted Lexus CT 200h which was going to feature a supercharger bolted to its HSD. At the time we had precious little detail beyond a photo of a CT 200h being endowed with go-faster body and primed for a paint job. But now, with the reveal at the New York Motor Show, we have a little more.

Volkswagen to unveil one-seat electric car

Volkswagen will unveil a one-seat experimental car with an electric powertrain in September as the carmaker works to cut emissions and develop future driving concepts. The concept vehicle will be designed for limited journeys, VW spokeswoman Ruth Holling said Monday, confirming remarks by VW research chief Juergen Leohold to the Financial Times. The car will be presented Sept.