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First retail 2015 Mustang could make the record books

Barrett-Jackson will play host to what could be one of the most valuable Mustangs ever to be sold at auction. The event takes place in Scottsdale, Ariz., and guests can start placing bids Saturday. The 2015 Mustang hits showrooms this fall and has been causing quite a stir among car enthusiasts.

Ford will fix software in Fusion, Milan hybrids

While not labeling it a recall, Ford Motor Co. said Thursday that it will update the software of the regenerative braking system on some already-delivered 2010 Ford Fusion Hybrids and Mercury Milan Hybrids. An Associated Press report said a total of 17,600 Fusion and Milan hybrids will be updated.

Chrysler and Lancia brands to share products in Europe

Fiat S.p.A. aims to integrate the Chrysler brand more closely with the Italian automaker's upscale Lancia marque in Europe with the two brands likely to share products from small hatchbacks to large sedans. The appointment of Lancia CEO Olivier Francois as Chrysler brand boss is a step toward the goal, a Fiat source said.