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General Motors fires back at Volkswagen

General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.

Lamborghini Urus SUV confirmed to arrive in 2017

The Urus will be VW Group’s lightest and quickest SUV – expected to best even the Porsche Cayenne Turbo – and will be built on VW’s new large SUV platform – the same platform that will underpin the Bentley Falcon SUV, Audi Q7 (and Audi Q9) and Porsche Cayenne – and will use a forged carbon composite structure from the central tunnel to the rear suspension to save weight. Power for the Urus is expected to come from the twin-turbo V8 we’ve already seen in the Bentley Continental GT and Audis, producing something in the region of 600bhp and perhaps even more if Lamborghini add a hybrid option to throw some electric assistance at the V8′s 600 horses. It seems likely the Urus concept will remain largely unchanged for production, although we could see some toning down of its more extreme elements, as Lamborghini look to add 3,000 sales a year to their annual total when the Urus hits showrooms.

1912 Oldsmobile fetches $3.3 million, sets record at auction

A 1912 Oldsmobile—believed to be the only one of its kind still in existence—fetched $3.3 million last weekend, spurring total sales of $38.3 million at an auction in Florida. The vintage car, an Olds Limited five-passenger touring, is thought to be one-of-a-kind, as none of its now century-old contemporaries are known to have survived in that trim. It wears chassis No.