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Wet n' Wild Woodward

Rain-soaked Woodward Avenue welcomed thousands of cruisers and car enthusiasts for the 16th annual Dream Cruise on a wet Saturday just north of Detroit. Though the weather didn't cooperate for much of the day with rain ranging from a mist to steady showers, it failed to dampen the spirits of car fans for all over. As usual, Mustangs, Corvettes and Challengers took center stage on the iconic strip, which plays host to the yearly summer celebration of chrome and fins.

New De Tomaso Pantera, perhaps? +video

Is this the new De Tomaso Pantera? Former Fiat man Gian Mario Rossignolo rescued the De Tomaso brand from the ignominy of bankruptcy in 2009, with plans to bring the world a range of 21st century De Tomasos. An idea, we have to confess, for which we had a big soft spot.

General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.