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Renault and Caterham to develop affordable sports cars

Renault and Caterham are to join forces to create new, more affordable sports cars under the Alpine badge. The two groups will establish a jointly owned new group – Société des Automobiles Alpine Caterham – under the leadership of Bernard Ollivier and will develop models to be sold as both Renault Alpine and Caterham. Tony Fernandes, Caterham Group Chairman, said: "We know the markets we are going into and, particularly in my playground in Asia, there is a huge opportunity to replicate the AirAsia model and give consumers access to exciting, affordable products that marry our interests in F1 and technology and help make their dreams come true." At this year's Monaco Grand Prix Renault unveiled the Alpine A110-50 concept, which was seen as a relaunch of the brand despite it being essentially a reworked version of the Renault-branded DeZir concept from the 2010 Paris Motor Show.

New recalls hit 2.7 million GM vehicles, from Corvettes to Saturns

General Motors is recalling 2.7 million U.S. cars and trucks for problems ranging from flawed taillamps and windshield wipers to brake problems, in an escalation of the safety crisis that has enveloped the company for months. GM said today it expects to book up to $200 million in charges in the second quarter to cover the cost of recalls during the period.

Making the list: AW's Holiday Gift Guide

We're sure there's a gearhead or two on your shopping list for the holidays. Or maybe you just want to eliminate the uncertainty and give yourself a gift. Either way, we're happy to offer some inspiration on clothing, tools and cool things to get for your high-octane friends and family.