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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.

Ultra-rare 1936 Bugatti Type 57SC Atlantic sold

A 1936 Bugatti Type 57SC Atlantic was sold to an undisclosed buyer, auction house Gooding & Co. said on Wednesday. The price was not revealed, but it's believed to have sold for between $30 million and $40 million.

Mini Cooper (2013) New Mini previewed by Mini Vision Concept

The Mini Vision Concept has given the best indication yet at what the Mini 3, due to be shown this autumn, will look like. Shown at a design event in Germany, the Vision, says Mini, is intended to show the future design direction of the BMW sub-brand, but when compared to scoop images of the car, essentially previews the new model in all its glory. Mini Vision Concept: the need-to-know The Mini 3 will keep the familiar styling cues of the first two generations, but there’s a longer wheelbase and a waistline that’s rising more sharply towards the roofline, which lowers more aggressively than before.