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News watch May 2011: today's auto industry news

Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 May 2011 • Canada will look to sell their 1.7% share in Chrysler to Fiat, but will be biding their time to see what the US goervment obtain for their own share first.  (autonews.com)• Nissan's St Petersburg, Russia assembly plant will shut down for five days due to lack of engines. The plant, which builds the X-Trail, Murano and Teana midsize saloon models, receives its engines from Japan.

Ferrari 599XX Evoluzione: The evolution of the 599XX

Ferrari 599XX Evoluzione Ferrari has had a play with the track-only 599xx, added more power and improved aerodynamics and created the ultimate 599 – the Ferrari 599XX Evoluzione. There are road Ferraris and there are track Ferraris. And the Ferrari 599XX carries on the tradition of hard-core track-only cars for wealthy clients (like the FXX) where ultimate performance is achieved by ignoring homologation rules for any race.

Mitsubishi XR-PHEV, Concept GC-PHEV and Concept AR revealed for Tokyo

Mitsubishi XR-PHEV, Concept GC-PHEV and Concept AR revealed for Tokyo With the Tokyo Motor Show arriving at the end of the month, Japanese car makers are revealing the concepts they hope will steal the limelight at their home show, and today it’s the turn of Mitsubishi to reveal the three new concept cars heading for the show. The three Mistubishi concepts were teased in a moody, shadowy photo in October, but we now get details of the XR-PHEV, Concept GC-PHEV and Concept AR. The Concept GC-PHEV is Mitsubishi’s vision of a next-generation full-size SUV and comes with 4WD and a plug-in hybrid powertrain consisting of a 3.0 litre V6 supercharged engine mated to an eight-speed auto box with a high-output electric motor and high-capacity battery.