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GQbyCitroen unveiled in London

Two days after unveiling the Survolt and DS High Rider concepts at the Geneva motor show, Citroen last week pulled off a rare surprise by unveiling the GQbyCitroen - its third concept in three days. Instigated around a year ago, the project is a result of GQ Magazine's editor Dylan Jones questioning what his readers' ideal car might look like, and subsequently being put in touch with Citroen's Mark Lloyd, design manager for this project. The concept is a 4.5m long shooting break, based on the C4 platform.

Former Ford CEO Red Poling dead at 86

DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.

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.