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Hyundai ponders second U.S. plant

As a lack of production capacity restrains its growth, Hyundai will consider a second U.S. assembly plant. "That's something that we're going to look at," Hyundai Motor America CEO John Krafcik said last week at the Detroit auto show.

Indianapolis 500: HPD wins Louis Schwitzer Award for refueling system

Honda Performance Development on May 21 won the 45th-annual Louis Schwitzer Award for motorsports engineering innovation and excellence in recognition of the Honda Refueling Safety Interlock System. The system, which reduces the potential for fires in pit lane when refueling, was created by a team at HPD led by Roger Griffiths, Jim Goodloe, Marco Martinelli and Robert Bell. The key part of the system is an electronic fuel-probe sensor installed on an Indy-car's inlet valve into which ethanol fuel flows.

Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.