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Shelby brings back ‘Shelby American' name for performance-car business

Carroll Shelby's performance-car business is returning to its roots. Shelby Automobiles is changing its name to Shelby American--the original banner used by his sports-car business and the historic Le Mans-winning cars in the 1960s. Shelby says the switch is in honor of the 45th anniversary of two of his most famous cars, the 427 Cobra and the Ford Mustang Shelby GT350.

Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.

Nissan pulls the plug on the Altima hybrid

It's last call for the Nissan Altima hybrid sedan. The 2011 model year will be the last for the gasoline-electric version of the Altima, ending a four-year run. While the Altima is one of Nissan's core models in the U.S.