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CDN-GM Interactive Design Contest 2013 is launched with Chevrolet design brief [w/Video]

The CDN-GM Interactive Design Contest is now open, so it's time to pick up your pencils, sketchbooks and tablets for the chance to win one of four three-month paid internships at one of GM's design studios.  Open to all full-time college or university students with at least one term left from across North America, this contest is a great chance to get noticed by one of the world's biggest carmakers and be used as a springboard for your car design career. You have until 1 November to submit your designs, but judges want to see your progress as well your final entry. They will be looking for proof of your thought process, project development and overall progress using customer and market research as well as inspiration and mood boards.

'Grid Autosport' shows off touring discipline

"Grid Autosport" is coming to PS3, Xbox 360 and PC on June 24. The third installment of the Grid series will be heavily based on real motorsports, as opposed to the fictional World Series of Racing in the last episode. Gamemaker Codemasters release a new trailer on Tuesday.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.