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Henrik Fisker resigns from Fisker Automotive

Henrik Fisker, founder and executive chairman of struggling plug-in hybrid vehicle maker Fisker Automotive, has resigned. In an email today to Automotive News, Henrik Fisker, referring to himself in the third person, said: "The main reasons for his resignation are several major disagreements that Henrik Fisker has with the Fisker Automotive executive management on the business strategy." Fisker confirmed his resignation in a phone interview and declined to comment further. Tony Posawatz, who became president and CEO of the company in August, said this morning that he had just been made aware of the resignation.

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.

Vintage photos show Ford Mustang I and the elusive XD Cobra

It's hardly surprising that our readers want to share their memories of the Ford Mustang -- 50 years is a long time for an automotive nameplate to endure, and the model's upcoming 50th anniversary is as good excuse as any to look back on the experiences that have made the car an enthusiast hit. Take William Drew, who had a close encounter with pony car history when he saw the Mustang I concept, plus a rare Ghia-bodied Shelby Cobra concept, at an auto dealer in Dallas in 1970. His slides (taken with a Yashica camera, he notes) show the unusual cars in the nice, bright colors of Kodachrome.