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Cuba removes new car purchase restrictions

Granma, the Communist Party’s newspaper of record in Cuba, said Wednesday that the Council of Ministers approved regulations that “eliminate existing mechanisms of approval for the purchase of motor vehicles from the state.” That means the sale of new and used cars will be allowed to the public. Up until now, Cubans could buy and sell vehicles to each other, but they had to request permission from the government to purchase a new vehicle -- the main reason for the island's unique automotive landscape. The new laws will be enacted gradually, according to Granma, with a set minimum price.

Best in Show from Frankfurt

The United States auto industry continues its strong recovery from the near-fatal recession of 2008/9/10. The European auto industry? Not so much.

IndyCar Hot Wheels race into stores

IndyCar-themed Hot Wheels will be hitting stores this month. The Indy Racing League and Mattel Inc., the maker of Hot Wheels, have agreed on a four-year deal that will produce a lineup of toy cars featuring teams and drivers. A 1:64-scale Hot Wheel is $4.99, with a 1:24 version that costs $24.99.