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2012 Pinto Stampede to benefit the Wounded Warrior Project

The second-annual Pinto Stampede will take place May 17-20, beginning at Bristol Motor Speedway in Tennessee and ending in Summit Point, W.Va., at the Jefferson 500. For those keeping track, that's 600 miles in a car that some would have you believe is little more than a rolling Molotov cocktail. For the second time, the Pinto Stampede will benefit the Wounded Warrior Project, an organization that aims to “honor and empower wounded warriors” of the U.S.

Porsche plans a hybrid in every model line

Porsche is counting on hybrid drive to help reduce its fleet CO2 emissions. “In the future, we will have hybrid drive in every model line," development chief Wolfgang Duerheimer said. Earlier this year, Porsche launched a hybrid version of its Cayenne SUV.

Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.