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Carroll Shelby tribute draws 1,200 people

At approximately 6:55 p.m. Pacific Standard Time on Wednesday, May 30, around the world, the engines of several thousand Shelby Mustangs, Cobras, GT40s and even a few Series 1s cranked to life and roared their terrible roars in tribute to their fallen maker, Carroll Shelby. “I've got friends in South Africa who are firing theirs up right now,” said a Shelby Mustang owner, standing amidst a sea of the barking beasts parked on the roof of the Petersen Automotive Museum in Los Angeles.

VW take control at Italdesign Giugiaro through Lamborghini.

Maserati Merak - by Giugiaro Perhaps it makes sense politically for an Italian company to takeover another, but the outcome is the same – VW has taken a majority stake in Italdesign Giugiaro – 90.1% – through its Italian subsidiary Lamborghini Holdings S.p.A. Just as we expected. And there’s a lot of sense in this move by VW – even if they are going back on their stated intent to end the acquisitions – as there’s a strong history with Giugiaro.

Ford, Hyundai, Toyota lead industry to 15 percent gain

Ford, Toyota, Subaru and Hyundai Group spurred a year-end U.S. sales rally that took some sting out of a painful year. Overall, December sales of 1,030,096 light vehicles rose 15 percent from December 2008, when the credit crisis and a deepening recession dragged industry demand to 27-year lows.