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Concept Car of the Week: Vauxhall VX Lightning

Both Ford and Vauxhall celebrated their 100-year anniversaries in 2003, but despite much of the attention being focused on the American giant, GM's UK subsidiary unveiling its own birthday present: the VX Lightning. Revealed at the Dorchester Hotel in London in May, the Vauxhall Lightning concept was a joint project between the GM North America (GMNA) Advanced Design Studio in England and the Opel/Vauxhall Design Center in Rüsslesheim, Germany. The Vauxhall ‘V' brand motif is a recurring theme throughout the car, despite the company's relative lack of global recognition.

Toyota to unlock secrets of black-box recorders

Reacting to criticism that data from black-box crash recorders in its vehicles can be accessed only by the company, Toyota Motor Corp. is moving to ship hundreds of data-decoding machines to the United States and make them commercially available to help diagnose vehicle problems. The devices, known as event data recorders, are similar to the black boxes on airliners and record information such as vehicle and engine speed in the seconds before a crash.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.