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Harley-Davidson to shutter Buell motorcycle brand, will sell Italian division

Harley-Davidson is axing two notable brands as it refocuses on its core business. The iconic American motorcycle producer said on Thursday that it will kill the 26-year-old Buell brand and will sell recently acquired Italian motorcycle company MV Agusta. The announcement came as Harley revealed its third-quarter financial results, which saw its earnings and sales slip as it deals with the global economic conditions.

Early cars, fashion on display at the Petersen

Automotivated, a new exhibit at the Petersen Automotive Museum in Los Angeles, traces the evolution of clothes worn in cars--from the bulky circus-tent stuff people had to wear to keep from freezing to death in the jangly, open-topped conveyances of 100 years ago, up to the height of the European Concours in the 1920s and '30s, when what you and your date wore was just as important to winning best of show as the styling of your Delahaye/Delage/Talbot Lago. “In the earliest days of the automobile, you were sitting on the car, you weren't sitting in it,” said Leslie Kendall, curator at the Petersen. So the first section of the exhibit shows people (mannequins dressed as people) in heavy, practical overcoats, scarves and goggles.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.