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Alfa Romeo plans 'affordable' halo car

Alfa Romeo plans to build a rear-engine, rear-wheel-drive coupe that would become the brand's halo car. Fiat's struggling sporty brand aims to complete a concept car for the innovative lightweight coupe for a planned Geneva auto show debut next month. The concept is set to be built as the 4C GTA and go on sale for about $55,000 (40,000 euros).

Corvette revives Grand Sport name for 2010 model

The legendary Grand Sport name is being revived for the 2010 Corvette, Chevrolet said on Friday. The 2010 Grand Sport lets Corvette buyers give the two-seater a meaner look and tighter suspension without going all the way to the Z06 model. And it lets you do this with the options of an automatic transmission and folding top, if you choose.

Designer Tom Matano part of start-up car company in Louisiana

A new auto company backed by Texas billionaire investor T. Boone Pickens and staffed by former Mazda design chief Tom Matano plans to build "environmentally friendly" vehicles in Louisiana. V-Vehicle Co., of San Diego, will bring about 1,400 workers to a Monroe plant that once belonged to General Motors, according to a statement Wednesday from the Louisiana Economic Development Web site.