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New BMW X3 (2011): Official

The 2011 BMW X3 - Official When even BMW were releasing ‘Spy’ shots of the 2011 BMW X3 it was a fair bet that the real deal was not a million miles away. And nor was it. BMW has spilled all the official info on the new iteration of its middle sized SAV /softroader.

Detroit Electric unveils the SP:01

Detroit Electric unveiled its SP:01 electric sports car April 3 in Detroit. The Lotus-based roadster claims 201 hp from its mid-mounted electric motor and a range of up to 180 miles from its lithium-polymer battery pack. The company is headquartered in Detroit’s Fisher Building; it’s led by former Lotus Engineering and Lotus Group execs Albert Lam, Don Graundstadt and Benjamin Boycott.

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.