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Honda, Toyota, GM set pace as sales climb 14%

U.S. light-vehicle sales -- driven by double-digit gains at six of the seven biggest automakers -- rose 14 percent in July, just below forecasts but strong enough to keep the industry's recovery on solid ground. Honda Motor Co., Toyota Motor Corp.

2011 Cadillac CTS coupe is revealed, and a V-Series model is confirmed

Two-door Cadillacs have always had a special place in the hearts of enthusiasts of means, reinforcing the brand as a purveyor of personal luxury and performance. Now comes the latest in the lineage: the 2011 CTS coupe, which will be joined by a high-powered V-Series model. The first official photos of the car in production trim were released on Monday ahead of its showing at the Los Angeles auto show, and the car is the centerpiece for Cadillac's remade product line.

Henrik Fisker launches new luxury sports car company

Henrik Fisker and Bernhard Koehler have announced the opening of a new luxury car company, Fisker Coachbuild, based in Southern California to appeal to the global market. The focus of the company will be on designing and manufacturing exclusive high-end sports cars, which will be limited to 150 units per design and sold under the Fisker brand name, with world-wide distribution. The first public unveiling of the new designs will be scheduled towards the end of 2005, with production to commence during the second quarter 2006.