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Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

Infiniti M launches at Pebble Beach

Infiniti has 'Virtually' revelead the new Infiniti M at Pebble Beach Anyway, odd launch or not, this is a big deal for Infiniti. And – for the first time – the UK and Europe will also be getting the Infiniti M, which is Infiniti’s Flagship model, aimed at the Lexus LS and – I suppose – the S Class, 7 Series and XJ, although it is slightly smaller. As we noted from the teased silhouette we saw recently, the Infiniti M seems to take a chunk of its design cues from the Infiniti Essence Coupe, which actually kicked off the Pebble Beach event a couple of days ago.

BMW and Toyota announce diesel-engine, green-technology tie-up

BMW and Toyota Motor Corp. said they will work together on green car technologies including the joint development of lithium-ion batteries. BMW will also supply diesel engines to Toyota in Europe as part of the tie-up.