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May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

Pirelli unveils 2012 edition of 'artistic' calendar

Tiremaker Pirelli has previewed the 2012 edition of its calendar, known for its regular use of unclothed models in artistic poses and the exclusivity of the list of recipients. Photographer Mario Sorrenti chose the island of Corsica as the location to capture his "swoon" images. This is the first time that Sorrenti has shot the calendar, which has used many famous photographers in the past including Annie Leibovitz, Richard Avedon and Bruce Weber.

GM to launch Chevrolet van in global markets

Chevrolet plans to launch a family van soon in several global regions, GM Vice Chairman Tom Stephens said Tuesday in showing analysts GM's future product plans. General Motors will base the van on its global compact-car architecture, said Stephens, who heads product development. He showed a picture of the van to analysts at a company presentation Tuesday, but his slides were not made available to members of the media.