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Apparently, despite the global economic downturn, some people out there still have large sums of disposable income. We know this because Neiman Marcus sold through a dozen special edition McLaren 12C Spiders in less than two hours Wednesday. At $354,000 each, this single offering grossed Neiman ...

Don't expect General Motors Corp. to make any new announcements regarding Saab now or in the near future, according GM spokesman Chris Preuss. According to a report in Automotive News, Preuss added that no new Saab deals are imminent with any interested parties. Speculation and rumor-mongering ...

After weeks of speculation, Fiat confirmed today that its CEO, Sergio Marchionne, will assume the same role with Chrysler once it exits bankruptcy. According to statements from the Obama administration, Chrysler could emerge from "surgical bankruptcy" in as little as 30 to 60 days, after which ...