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Rolls-Royce confirms new Wraith coupé for Geneva

Rolls-Royce will launch its new Wraith coupé model at this year's Geneva motor show, thought to be a dramatic fastback based on the Ghost. The carmaker's CEO, Torsten Müller-Ötvös, announced the news this morning at the company's World Dealer Conference in London, claiming that the Wraith will have "the boldest design, the most dramatic performance" and be the most powerful model yet. The Wraith will shape the future of Rolls-Royce and build on the success of Ghost and Phantom.

Panoz launches newest sports car, the Abruzzi

The spirit of Le Mans--along with the spirit of the out-of-production Panoz Esperante--lives on in Panoz Auto Development's latest creation, the Abruzzi. Named for the people from the south-central Abruzzo region of Italy, the Abruzzi draws its inspiration from the 24 Hours of Le Mans, where the car is making its world debut on Tuesday, and its styling from the 1935 Delahaye Type 135 tear-drop coupe. "It is about the true spirit of Le Mans, a car you can drive from home to the racetrack, race it, and then drive home again," Panoz chairman and American Le Mans Series owner Don Panoz said.

Fritz Henderson removed as GM CEO

General Motors' board of directors ousted CEO Fritz Henderson after eight months, saying it wanted to chart a new course as the biggest U.S. automaker pushes ahead with its restructuring. Chairman Ed Whitacre, 68, will succeed Henderson on an interim basis while a search for a new president and CEO starts immediately, Whitacre said at a press conference on Tuesday.