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Cadillac ATS priced at $33,990

The 2013 Cadillac ATS, which we first saw at the Detroit auto show, will start at $33,990 when it goes on sale this summer, General Motors said on Monday. The range-topping version will carry a price of $42,090. Power for the base model will come from a 2.5-liter, four-cylinder engine that returns 30 mpg on the highway.

Planning continues for driverless cars

OFFICIALS in California have been looking to the future as they bid to legislate for the arrival of hi-tech driver-less cars. A law passed in 2012 set a deadline of the end of this year for the state's Department of Motor Vehicles to decide how to legally integrate the so-called autonomous vehicles - which were once the stuff of science fiction but could be commercially available by the end of the decade. The latest talks on the matter among roads officials focused on how the vehicles will record actions so the data can be used to reconstruct an accident in an effort to trace the cause.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.