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Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Fiat to make Chryslers at former Bertone plant

Fiat will produce Chryslers at a recently acquired former Carrozzeria Bertone plant in Italy, Fiat and Chrysler CEO Sergio Marchionne said. Marchionne, who said that Chrysler's new, five-year post-bankruptcy business plan will be released in November, declined to reveal what cars will be built at the plant, in Grugliasco, near Turin, or when production will start. Sources in Turin said the factory could resume production in late 2011.

Porsche 918 Spyder laps Nurburgring in under 7 minutes

The Porsche 918 Spyder (pictured) laps the Nurburgring in under 7 minutes When the McLaren P1 was first revealed, Ron Dennis told us it would lap the Nurburgring in under 7 minutes. But it seems the best the McLaren P1 has managed so far is a 7:04, so it’s no surprise McLaren hasn’t officially declared its time as they probably knew it wasn’t enough, but also knew that Porsche has managed to take the new 918 Spyder round the ‘Ring in just 6:57s. That 6:57 by the Porsche 918 Spyder isn’t quite as quick as the Radical, but as the Radical has only single type approval, Porsche are justifiably claiming the 918 Spyder’s time as the quickest by a proper production car, beating the previous record of 7:11s set by the Gumpert Apollo.