Airtex 5s1238 Cam Position Sensor on 2040-parts.com

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

Hexatech F1-spec driving simulator goes on sale

If you’re serious about your gaming – and we mean very serious indeed – then Dutch simulator firm Cruden has just unveiled the last word in driving simulators. The Hexatech is a six-strut hydraulic set-up that’s normally only sold to F1, WRC and NASCAR teams. But it has now decided to unleash it on the public – you just need to find the £120,000 asking price.

Saab gets latest lifeline via $5 million infusion from Chinese company

Saab has been on the edge of collapse since a cash shortage early this year forced it to halt production. Now Automotive News reports that a last-minute payment from China's Zhejiang Youngman Lotus Automobile has given the Swedish carmaker yet another shot. Youngman wants to get a stake in Saab and has taken the first step by giving the company $5 million to cover tax expenses, with another $26.43 million forthcoming for unpaid salaries and $13.18 million more before the end of December.