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Porsche 911 GT3 R Hybrid race car revealed

Porsche will bring its latest hybrid know-how to the racetrack in the form of the new 911 GT3 R Hybrid, revealed here for the first time prior to a planned public premiere at the Geneva auto show in early March. Developed by a team of engineers at Porsche's Weissach R&D center, Porsche plans for the stripped-out race car to act as a rolling laboratory. The German carmaker wants to explore the potential of hybrid drivetrains in a racing environment before an expected announcement that it will return to the 24 Hours of Le Mans in a factory capacity, perhaps in 2012, with a race car boasting technology based on that used in the 911 GT3 R Hybrid.

1973 Volvo 1800ES fetches $92,400 in Bonhams auction – a classic Volvo record

The most expensive Volvo P1800 in the world. With Volvo now on a sensible track of producing good-looking, premium Swedish cars, we have wondered if historic Volvos will start to climb in value as modern Volvos become more appealing and more upmarket. And it seems they might be.

Former GM president James McDonald dies at 87

James McDonald, who served as president of General Motors Corp. under CEO Roger Smith in the 1980s, died on Sunday at the age of 87. McDonald became president and COO on Feb.