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GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

New cars 'cheaper to insure' for young drivers

NEW CARS are actually cheaper for young drivers to insure than old bangers, insurance broker Be Wiser has claimed. Figures from the company reveal that the cheapest car for youngsters to insure at the moment is a Volkswagen Up, which costs around £3,000 per year based on a 17-year-old driver in a large city. The same customer looking to insure a 20-year-old Ford Fiesta would be facing a bill of almost £4,000, with insurance premiums even higher in some parts of the country.

Honda introduces GEAR concept in Montreal

We already know that Europe often gets better cars than we do in the United States, but now Canada is getting in on the action, too. At the press days of the Montreal International Auto Show, the Japanese company introduced the Honda GEAR Concept. The car is reportedly inspired by fixed-gear bicycles -- gag me with a spoon -- and Honda says it's simple, utilitarian, but also customizable.