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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.

Special BMW M3 Competition Edition coupe gets Frozen Silver matte paint

Directly on the heels of SEMA, the matte capital of the world, BMW announced a special run of the 2012 BMW M3 Competition Edition coupe in Frozen Silver matte paint. And we mean extremely limited: just 40 cars celebrating 40 years of BMW racing in North America will be made. Each car will have the Frozen Silver paint, black hood intakes and dark chrome exterior trim.

Ford Edge gets $200 price cut

Ford Motor Co. said Tuesday that the 2011 Edge crossover will start at $27,995 including shipping. That's about $200 less than the 2010 model, although Ford added more power to the 2011 base engine.