GM announced Wednesday that it applied (and received approval) to be removed from the Toronto Stock Exchange. "Given the relatively low trading volume of its shares on the TSX and the fact that GM's NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified," the company said in the announcement.
German chancellor Angela Merkel predicts gasoline- and diesel-powered cars will ultimately cease to exist. Merkel -- who hopes to get re-elected next month -- told members of the media that she can't predict when the technology will go extinct.
Swiss officials have fined hillclimb organizers about $5,000 over the fiery crash that injured Richard Hammond earlier this year. They argue the event "violated the FIA's code of conduct," though they didn't provide more specific details.
BMW has announced the next generation of the M5 will make its debut online on August 21st. The super-sedan is expected to pack about 600 horsepower from a twin-turbocharged V8 engine. It's getting all-wheel drive, too.
Aston Martin has collaborated with coachbuilder Zagato to turn the Vanquish into the sleek-looking Speedster. Powered by a V12 engine, the model is limited to just 28 examples, making it the rarest of the recent Zagato-styled Astons.
Volkswagen's on-again, off-again entry-level crossover is finally on its way to production, according to German magazine Auto Bild. Previewed by the Taigun concept (pictured), the up!-based soft-roader will adopt the T-Track nameplate when it arrives in showrooms. However, it won't be sold in the United States due to its size.