That dilution fee is intended to soften the blow of teams having to split the F1 prize fund by 11 teams instead of 10.

While most of yesterday's attention was rightly focused on the industry-wide year-end U.S. sales bloodbath, Shanghai Daily reports that 2008 was a bummer for GM's joint venture with SAIC in China.

China remains a crucial market for GM, ranking second only to its U.S. operations. The automaker partners with SAIC Motor Corp. in a 50-50 joint venture in China called Shanghai General Motors ...

It is the fourth global concept vehicle jointly developed by GM's Shanghai GM and Pan Asia Technical Automotive Center (PATAC) joint ventures in Shanghai. "The new Riviera offers a preview of ...