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Ralliart unit folds, but Mitsubishi keeps name

Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp., informed global distributors on Wednesday that it would cease business operations March 31. In the United States and Europe, Mitsubishi markets a Ralliart sports version of its Lancer, which has become a sporty halo car for the brand.

Lincoln shows restored 1934 Edsel Ford Speedster at Pebble Beach

Lincoln unveiled Edsel Ford's restored 1934 Model 40 Special Speedster on Friday during a ceremony on the lawn at Pebble Beach. The one-off car, lost for more than 40 years, was acquired by the Edsel and Eleanor Ford House in 2009 and treated to a complete restoration. According to the company, Edsel Ford originally commissioned the Speedster after visiting Europe and growing enamored of the small sports cars on the continent.

CDN – Opel/Vauxhall Interactive Design Competition deadline extended

The deadline for the 2012 Car Design News – Opel/Vauxhall Interactive Design Competition has been extended until midnight (00:00 GMT) Friday 11 May. Mark Adams, Vice President Opel/Vauxhall Design, announced the news in a video message to all entrants, in which he reiterated the brief – to design the Opel/Vauxhall Ampera of the year 2020. All students must submit both an exterior and interior design to be eligible to win paid internships within GM Europe, Opel/Vauxhall's parent company.