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Get ready for the New GM

Unless there is some sort of major, unforeseen hiccup, the sale of General Motors' assets--creating a new company--is expected to close Friday. The new GM will be 60.8 percent owned by the U.S. Treasury.

Mini celebrates 50 years since Monte win

IT'S 50 years since the iconic Mini Cooper S won the Monte Carlo Rally and to mark the occasion the famous car and its driver have been brought back together. Paddy Hopkirk took the Mini to its maiden win on the Monte Carlo Rally, and the car went on to win again in 1965 and 1967. It should also have won in 1966, but it was denied due to a technical infringement with its lights.

Seat Ibiza Cupra Concept at 2012 Beijing motor show

Seat gave a clear indication that the hot hatch Cupra version of its Ibiza supermini isn't far away, with the Ibiza Cupra Concept at the 2012 Beijing auto show. The Spanish have a long history of producing go-faster versions of its supermini; the first Ibiza Cupra launched in 1996 and the next one, based heavily on this concept car, lands in the UK by the end of 2012. What powers the new Seat Ibiza Cupra Concept?