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New Honda CEO to focus on R&D

Takanobu Ito, newly named as the next president and CEO of Honda Motor Co., will redouble the company's focus on research as it grapples with a global market meltdown. Honda presidents traditionally cut their teeth at the automaker's cherished development subsidiary, Honda R&D Co. Ltd.

AC Cobra Mk VI to show at Monaco

AC is due to show the AC Cobra MK VI at the Top Marques Show in Monaco Despite being a UK car maker, AC is to build the new Cobra MK VI in Germany, at Gullwing GmbH, which gives a clue to the car’s unique feature – a removable hard top with gullwing doors. The AC Cobra has a long history, and is one of the most sought after replica cars on the market (which is hardly surprising considering the cost of an original Cobra), and is said to be single handedly responsible for the UK’s national 70mph speed limit, which was brought in after some extremely high-speed incidents on the new M1, where AC was testing its cars. Why bother with a test track when you have 100 miles of fresh, straight tarmac courtesy of H.M.

GM's ad spending nearly doubled in first half, Nielsen says

General Motors Co. nearly doubled its advertising spending in the first half of this year, leading a rebounding auto industry's marketing push, ad-monitoring company Nielsen Co. said.