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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.

German Grand Prix: Lewis Hamilton beats Vettel to pole

Lewis Hamilton in the Mercedes (pictured) takes pole at 2013 German Grand Prix It looks like ‘Tyre-Gate’ has been quashed before it started at the German Grand Prix, with a new tyre from Pirelli, no punctures and teams under order for minimum tyre pressures. But new tyres or not, it’s still Mercedes and Red Bull at the front of the grid, with Lewis Hamilton snatching pole position from Sebastian Vettel in the last throw of the dice in final qualifying by 0.103s. Behind Vettel was Mark Webber in the second Red Bull, followed by Kimi Raikkonen and Romain Grosjean in Lotus and Daniel Ricciardo in the Toro Rosso.

2011 Ford Mustang prices to start below those of the Chevrolet Camaro

The 2011 Ford Mustang with a new V-6 engine will be priced under the rival Chevrolet Camaro when it arrives at dealerships next month. Ford Motor Co. says the 3.7-liter V-6 version will start at $22,995, including shipping.