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Lancia to unveil its Chrysler-based flagship and a new Ypsilon

Lancia's Chrysler-based flagship likely will be called the Thema, company sources said. The sedan will debut alongside a new version of Lancia's best-selling model, the Ypsilon, at the Geneva auto show in March. The Ypsilon is key to Fiat CEO Sergio Marchionne's plan to nearly triple Lancia sales in the next four years.

SEMA buys Performance Racing Industry

The Specialty Equipment Marketing Association (SEMA) on Tuesday finalized plans to purchase Performance Racing Industry, and the transaction will close later this month. John Kilroy, who has experience as editor and associate publisher of PRI Magazine and as vice president of the organization, will continue to lead it. For now, according to representatives from SEMA, it's business as usual.

Hamilton wins Singapore Grand Prix

Lewis Hamilton take victory for a resurgent McLaren at Singapore The biggest losers of the day were probably Red Bull, who failed miserably to take advantage of Button’s poor grid position (and that of Barrichello, who started in 10th after a five place penalty for a new gearbox). Vettel managed to damage his car on the kerbs and acquired a drive-through penalty after crossing the white line exiting the pits. Team mate Webber’s brakes gave up on lap 49 and he went home with nothing to show for all his efforts in Singapore.