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This Week in 1958: Montgomery, NY, hosts Governor's Trophy Race for the third year in a row

Fifty-five years ago was the third consecutive year that a former Air Force base in Montgomery, N.Y., served as a racetrack. The Governor's Trophy Race was a growing event and spectators only had to travel 75 miles from New York City to see race legends like Carroll Shelby compete. Nearly 30,000 spectators came to the two-day event in 1957, and race organizers were expecting even more in 1958.

Hyundai lures Toyota's Michael O'Brien to head U.S. product planning

Hyundai named Michael O'Brien vice president of product and corporate planning--an influential position that has been vacant since John Krafcik became CEO in late 2008, the company announced on Tuesday. O'Brien, 55, spent the last 14 years at Toyota Motor Corp.'s U.S. sales division as a manager within the corporate planning division.

Concept Car of the Week: GM-X Stiletto (1964)

With dreams of flying cars as the ultimate inspiration, General Motors designers in the ‘60s used every trick possible to make their creations appear as though they were floating – long, straight bodies, wheels pushed in and hidden away, large fins and lights that looked like rockets. As William L. Mitchell took the reins of GM Design, he brought a more high-tech approach, with simpler surfaces, a more restrained use of chrome and a general sense of elegant simplicity.