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Jaguar's E-Type sculpture unveiled at Goodwood

As is tradition at the Goodwood Festival of Speed, organizer, Lord March has commissioned a dazzling art piece to dominate the skyline above this year's event. Two years ago, Audi showcased a 1937 Auto Union Streamliner and a R8 V10 as part of its display, whilst last year Alfa Romeo displayed an 8C honouring the brand's centenary. This year it's Jaguar's turn to that take pride of place in front of Goodwood house.

Chrysler's new problem is a shortage of vehicles

A two-month factory shutdown and the cash-for-clunkers government rebates accomplished a feat that had eluded Chrysler Group: It turned several slow-selling vehicles into scarce commodities. At the end of July, Chrysler had only a seven days' supply of Jeep Patriots, or 2,200 units, in dealer stocks. Sixty days is considered normal.

GM technology chief Tom Stephens to retire

Tom Stephens, GM's vice chairman, chief technology officer and former head of global product operations, will retire on April 1 after a 43-year career with the automaker. His successor will be named later, GM said Sunday. Stephens, 63, has served as GM's chief technology officer--a new position--since Feb.