1967 Chevelle Convertible Boot on 2040-parts.com

VW Race Touareg 3 (2011) first pictures

You might usually associate the Volkswagen Touareg with school-run mums whose furthest foray off-road is up the kerb and onto a wet field – this is something different, this is the new VW Race Touareg 3. That there is, and it’s the Race Touareg 2 that’s taken the chequered flag at the last two Dakar rallies, becoming the first diesel-powered winner in 2009. And after 2010’s 1-2-3 finish, the VW board decided it was onto a good thing and commissioned Volkswagen Motorsport to update its Touareg racer for the January 2011 race.

Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.