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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.

GM to build electric motors in-house

General Motors will develop and build electric motors for a rear-wheel-drive hybrid to launch in 2013. GM claims to be the first major U.S. automaker to produce electric motors in-house and says it is investing $246 million in the project.

McLaren lock out front row in Australian F1 Grand Prix qualifying

Lewis Hamilton is on pole with Jenson Button alongside for the 2012 Australian F1 Grand Prix Lewis Hamilton is on pole with Jenson Button alongside for the 2012 Australian F1 Grand Prix after qualifying in Melbourne. Most of the pit lane thought McLaren had got it wrong with their new nose – a sleek nose instead of the stepped one almost all the rest of the field have this year – but as far as the opening qualifying of the 2012 F1 circus they seem to have got it just right. Hamilton set a stunning lap to open final qualifying, with Jenson Button managing to almost match his team mate with a lap just 0.152 seconds behind to make the front row a McLaren lock-out.