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1955 Ford Thunderbird takes 2012 Ridler Award at Detroit Autorama

Dwayne Peace, his family and his 1955 Ford Thunderbird took hot-rodding's top prize at the Detroit Autorama on Sunday: the 49th Don Ridler Memorial Award. Peace, accompanied by his two sons who helped build the car, received the trophy and a check for $10,000. The Ridler Award is named for Don Ridler, an athlete and Autorama event promoter from 1957 to 1961.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

Caterham Seven 160 (2013) first official pictures

By Ollie Kew First Official Pictures 22 October 2013 11:30 In an era when we’re all crying out for lighter, less complicated, more fuel efficient cars (at a moderately affordable price) here’s the model enthusiasts have surely been waiting for: the new Caterham Seven 160. Despite developing just 80bhp from its turbocharged 660cc Suzuki engine, the Seven 160 will scamper to 60mph in just 6.5sec. Read on for the full spec of this hero of downsizing.