GM wants the Treasury to sell its GM shares at a huge loss, says the Wall Street Journal.  Nothing doing, says the Department of the Treasury. It does not appear to need the cash (it can have it printed if needed) and is holding out for a slightly smaller loss. (Read More…)

If there ever will be a sequel to jet-gate (original brought to you by Brian Ross, yeah, that Brian Ross), Honda has a get-out-of-jail-free card. They just call it a proficiency flight.

Honda sees a great future in the business jet market. Their wholly owned U.S. subsidiary Honda Aircraft Co. has successfully completed the first flight of the production version of its HondaJet business aircraft, reports The Nikkei [sub]. (Read More…)