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New recalls hit 2.7 million GM vehicles, from Corvettes to Saturns

General Motors is recalling 2.7 million U.S. cars and trucks for problems ranging from flawed taillamps and windshield wipers to brake problems, in an escalation of the safety crisis that has enveloped the company for months. GM said today it expects to book up to $200 million in charges in the second quarter to cover the cost of recalls during the period.

Teen driver safety: The GDL Kickback

News that fewer teenagers are getting driver's licenses has been greeted with consternation in some corners, but it couldn't make the insurance industry happier. There are lies, damned lies and statistics--and sometimes legitimate, measurable trends. While some experts have quibbled about how some states report their information, no one argues the basic point: More teenagers are forgoing a driver's license longer than at any time in at least 20 years.

Daimler continues partnership with St. Moritz Art Masters Festival

Daimler will again be represented at this year's St Moritz Art Masters with the Mercedes-Benz, Maybach and AMG brands. For the fourth time, the Stuttgart-based manufacturer has taken part in the festival, taking place from August 26th to September 4th, which celebrates avant-garde contemporary art. The festival will be celebrated in St.