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Carroll Shelby honored with Keith Crain achievement award

Famed car designer Carroll Shelby received the 2011 Keith Crain/Automotive News Lifetime Achievement Award on Thursday evening during the Washington auto show. The award is given annually to an individual who has made a significant contribution to the auto industry. "I accept this award with all of the humility a person could have," Shelby said.

Fiat to make Chryslers at former Bertone plant

Fiat will produce Chryslers at a recently acquired former Carrozzeria Bertone plant in Italy, Fiat and Chrysler CEO Sergio Marchionne said. Marchionne, who said that Chrysler's new, five-year post-bankruptcy business plan will be released in November, declined to reveal what cars will be built at the plant, in Grugliasco, near Turin, or when production will start. Sources in Turin said the factory could resume production in late 2011.

General Motors reportedly close to selling Hummer for $150 million

General Motors Co., working to cut its U.S. brand count in half as part of its restructuring, is trying to complete a deal to sell Hummer to China's Sichuan Tengzhong Heavy Industrial Machinery Co. for about $150 million, Bloomberg News reported Thursday.