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GM financial results

By Ben Whitworth Motor Industry 10 November 2008 10:07 GM is on the ropes. In an official statement made late Friday night the carmaker said under current market conditions it would run out of cash in the first half of next year. And Ford is not far behind… Hard to believe?

Electric cars enjoyed one of the best months of sales in June 2013

If you think you've been seeing more Teslas and Nissan Leafs on the streets, it's not your imagination -- there really are more of them on our roads. Just in the month of June of this year, almost 9,000 plug-in electric vehicles have been sold in the U.S. This adds to more than 110,000 plug-in electric vehicles that have been sold in this country in the last two and a half years, the Electrification Coalition reports.

Arizona auctions: Scottsdale sales net an estimated $157 million

WITH VIDEO -- Five days of sales staged by auto auction companies in the Phoenix area pulled in a combined estimated total of $157 million, according to Hagerty Insurance. The five companies staging auctions--Barrett-Jackson, Gooding & Co., RM Auctions, Russo and Steele and Silver Auctions--offered 2,887 lots for sale and sold 2,325 of them, an 81 percent sell-through rate. A 2006 Ferrari FXX Evoluzione at the Gooding auction was listed as the top single sale with a price of $2.09 million, Hagerty said.