343164 Kyb Gr-2 Gas Shock on 2040-parts.com

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

LENNON'S FIRST CAR UNDER THE HAMMER

THE FIRST car bought by John Lennon after he passed his driving test is being offered for sale at auction next month. The Ferrari 330 GT 2+2 Coupe was bought by the Beatle in 1965 and is expected to sell for between 120,000 euros (£99,987) and 170,000 euros (£141,000). Lennon's biographer, Philip Norman, described how car dealers descended on the singer's home when the news emerged that he had passed his test and offered him a "gleaming smorgasbord" of luxury cars.

Going green is the new black

When hearing the term “luxury vehicle,” it’s safe to say your mind doesn’t automatically jump to phrases like “fuel-efficient” or “environmentally friendly.” Let’s be honest: Owning a gas-guzzling speed machine dressed to the nines inside and out is a serious status symbol in most cultures. But there’s a new trend taking over the luxury automotive world, and it’s covered in green. The demand for high-end hybrid cars is on the rise, not only for their notable mileage boost and decreased emissions, but also for the social gains of adopting the green technology.