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Concept Car of the Week: IAD Venus (1989)

In the late '80s, IAD had become one of the most reputable design and engineering companies worldwide. The team developed models such as the first Mazda Miata/MX-5, the Volvo 480 coupé and the Alien concept. At the1989 Tokyo motor show, the firm added another masterpiece to an already outstanding portfolio with the Venus.

General Motors to kill Daewoo name in South Korea, switch to Chevrolet

General Motors Co., trying to position Chevrolet as a key global brand, is killing the long-used GM Daewoo name in South Korea and putting the Chevy bowtie on its cars there. The name GM Daewoo Auto & Technology Co., in use since GM took over the struggling South Korean automaker in 2002, will be phased out by the end of March. The new name will be GM Korea Co., the company said in a statement.

VW releases sketch of U.S.-made sedan

Volkswagen of America has released a sketch of its new mid-size sedan that will go on sale in the fall of 2011 as a 2012 model-year car. The factory currently being built by VW in Chattanooga, Tenn., will start producing cars in the spring of 2011. Sales of the mid-size sedan will be at least 100,000 units annually at full capacity.