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Porsche 911 GT3 R Hybrid race car revealed

Porsche will bring its latest hybrid know-how to the racetrack in the form of the new 911 GT3 R Hybrid, revealed here for the first time prior to a planned public premiere at the Geneva auto show in early March. Developed by a team of engineers at Porsche's Weissach R&D center, Porsche plans for the stripped-out race car to act as a rolling laboratory. The German carmaker wants to explore the potential of hybrid drivetrains in a racing environment before an expected announcement that it will return to the 24 Hours of Le Mans in a factory capacity, perhaps in 2012, with a race car boasting technology based on that used in the 911 GT3 R Hybrid.

Dodge to stop Viper production next July, new car set for 2012

The future of the Dodge Viper came into focus on Wednesday during Chrysler's strategy briefing for media and analysts. Ralph Gilles, recently named chief of the Dodge car brand, said that production of the current Viper production will cease at the end of next July. The final 500 cars have been earmarked to be special vehicles, Gilles said.

BMW replaces Toyota as most valuable global car brand

BMW AG has overtaken Toyota Motor Corp. as the world's most valuable automotive brand, an annual ranking of the world's top brands showed. Ford Motor Co.