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Steve Earle out at Monterey Historics

Steve Earle, the founder of the famed Monterey Historics, is done as the organizer of the event after 36 races. Earle and track officials were unable to iron out a new deal, making this year's races--run last weekend--his final lap. The future of the must-attend event for classic racing fans is now in question.

A new batch of Ford Mustang Cobra Jets is on the way to racers

The 40th Anniversary 2008 Mustang Cobra Jet, announced about a year ago, has been such a huge success for Ford Racing that the company will build a 2010 model, available later this year. Like the '08 CJ, just 50 examples of the turnkey race car will be built, the minimum number to homologate the car for competition in National Hot Rod Association events. An '08 Cobra Jet won its inaugural event in the Stock Eliminator Class in February at the NHRA Winternationals in Pomona, Calif., just as the original 1968 Cobra Jet did.

Chrysler, VW, Kia and Toyota set March sales pace

U.S. light-vehicle sales--aided by Chrysler Group, Volkswagen Group, Hyundai-Kia and Toyota Motor Corp.--rose 13 percent in March to 1.4 million units, with demand for smaller, fuel-efficient models, redesigned vehicles and pickups driving the gains. Even with gasoline prices exceeding $4 a gallon in many parts of the country, the seasonally adjusted sales rate for March hit 14.4 million units.