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Porsche names new motorsports chief for North America

Jens Walther has been named president and CEO of Porsche Motorsport North America, the automaker said Friday. Walther, 41, will take over for Paul Ritchie, who has retired. Walther managed Porsche’s One-Make Cup program before his appointment.

Yearly driving costs rise 3.4 percent

This won't be a surprise to anyone--it's costing more to own and drive a car. Higher prices for fuel and tires, and a larger drop in the resale value of cars, pushed the average cost of owning a sedan to $8,776 a year, according to AAA of Heathrow, Fla. That's up 3.4 percent from a year ago.

Samsung SM5

Samsung Motors, the Korean subsidiary of Renault-Nissan Alliance, recently released the newly-redesigned SM5 sedan for the Korean domestic market. Based on the Nissan Teana, the SM5 is the second best-selling vehicle in Korea's D1 segment, ceding the top spot to Hyundai's Sonata. The most significant change to the exterior design is visible around the front bumper region, where the strong 'chin' (lower section of bumper volume) displays both solid and aggressive styling cues when viewed from the front.