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One Lap of the Web: The Internet celebrates the Mustang

Fifty years ago, Muhammad Ali became the heavyweight champion of the world, "Jeopardy!" debuted, Lockheed went 2,000 mph with the YF-12 and a mop-topped band went on a television show to promote what would be shameless nostalgia for the next 50 years, even while it was happening. Oh, and Ford introduced the Mustang, an event that would be Lee Iacocca's Second Greatest Shining Moment, behind introducing Chrysler's TC by Maserati as the prettiest Italian to arrive stateside since his mother. The World's Fair was 50 years ago this week, and the Internet remembers what it was like when the Mustang came out.

U.S. car sales surge 19 percent in May

All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Sales rose 19 percent from May 2009, marking the eighth-straight monthly increase, the longest such streak since June 2000, according to Bloomberg Data.

Honda Gear Concept

Rather than fighting for headlines at NAIAS, Honda debuted its new GEAR Concept at the Montreal International Auto Show. The subcompact GEAR is apparently inspired by fixed-gear bicycles (although quite how is unclear), described as a customizable vehicle that demonstrates the carmaker's way of providing vehicles for young, urban, Gen-Y lifestyles. "Subcompact cars are usually either utilitarian, but uninspiring or they're fun, zippy cars that are impractical and too expensive for the Gen-Y buyer," said Dave Marek, Design Director at Honda R&D Americas, Inc.