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Goodwood Festival of Speed 2011 preview

Lord March has kicked off the countdown to the 2011 Goodwood Festival of Speed at the annual press preview. The theme is Racing Revolutions - Quantum Leaps That Shaped Motorsport. Lord March said it meant a mouth-watering array of cars, celebrating tech advances such as 4wd, carbonfibre and monocoque construction. Naturally, there are a number of anniversaries to celebrate: the centenary of the Indianapolis 500 race, 100 years of Chevrolet, the Jaguar E-type's golden birthday and 110 years of Skoda motorsport involvement.

U.S. car sales surge 19 percent in May

All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Sales rose 19 percent from May 2009, marking the eighth-straight monthly increase, the longest such streak since June 2000, according to Bloomberg Data.

Mitsubishi to sell Renault-based midsized car in US

Mitsubishi Motors Corp. plans to sell a Renault-based midsized car in the United States under a new strategic tie-up between Mitsubishi and the Renault-Nissan alliance. The car will be the first of two Renault-based sedans sold by Mitsubishi under a product and technology exchange announced by the companies today.