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Money woes may keep Converj from market

General Motors' tight finances may hold the automaker back from building a production version of the Cadillac Converj concept car. GM revealed the coupe, which would use the same technology as the Chevrolet Volt plug-in hybrid, last week at the auto show here. GM designed the Converj so the production version--if it ever happens--will look "exactly like this," says Bob Lutz, GM's vice chairman of global product development.

Paul Walker crash site known for street racers

STREET RACERS are known to use the California neighbourhood where Fast & Furious star Paul Walker died in a car crash. Walker and his friend and fellow fast-car enthusiast Roger Rodas died on Saturday when the 2005 Porsche Carrera GT they were travelling in smashed into a lamppost and a tree. The two had taken what was expected to be a brief drive away from a charity event at Mr Rodas' custom car shop in the Southern California community of Valencia, about 30 miles north west of Los Angeles.

Fuel-economy standards rise to 27.3 mpg for 2011 model year

Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday. The regulations will use a new system that sets standards for individual models based on their size.