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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.

New Mustang Madness at Venice Beach

Rick the Hippie rode by us on a battleship-grey 1939 Schwinn--thin, wispy long hair waggling in the chilly breeze, wearing board shorts and a grey flannel Hurley jacket over four layers that puffed out and made him resemble a mushroom. We were having a conversation about the Shelby GT. His eyes, wrapped behind layers of tan wrinkles, lit up.

Porsche Cayenne S Transsyberia (2008): first photos

By Nick Eaton First Official Pictures 09 September 2008 12:00 This is the new Cayenne S Transsyberia, a road-going version of Porsche’s racing Cayenne that has won the Transsyberia Rally three years running. Porsche has dominated the rally - which runs 4,460 miles across Asia between Moscow and Ulan Bator – in recent years with its Cayenne finishing in first to third in 2007, and first to sixth in 2008. Yes. To celebrate its success Porsche will unveil a street-legal version of the car at the Paris motor show next month.