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Mullin Museum to open next month

What promises to be one of the most significant automotive-museum openings in decades will take place next month when collector Peter Mullin opens the Mullin Automotive Museum in Oxnard, Calif. Mullin is known for his love of French cars, and the museum will have more than 100 of them. Graceful and elegant Delahayes, Delages, Talbot-Lagos, Voisins, Hispano-Suizas and Bugattis will all be on hand, wrapped in voluptuous forms from coachbuilders Chapron, Figoni et Falaschi, Gangloff, Vanvooren, Labourdette, Letourneur et Marchand and Saoutchik, among others.

2014 Cadillac XTS Vsport priced at $63,020

We knew the 2014 XTS Vsport would get twin-turbo power, but now Cadillac has officially revealed the pricing and specs for the new high-powered XTS at a healthy $63,020, including destination. The 3.6-liter twin-turbo V6 delivers 410 hp and 369 lb-ft of torque and has an array of new features, including all-new cylinder block casting, strengthened connecting rods, more than 12 lbs. of boost from the two turbochargers and an all-new direct-injection fuel system.

Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.