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Long-lost Cunningham Corvette race car displayed

Chevrolet Corvette enthusiasts on Thursday got an up-close look at a car that raced in the 24 Hours of Le Mans 52 years ago but hasn't been seen for more than 20 years. On the eve of the Corvettes at Carlisle show in Carlisle, Pa., event promoter Lance Miller opened one of his climate-controlled garages to reveal the 1960 Corvette that many are certain is the car that wore No. 1 and ran in the 1960 race at Le Mans.

Lincoln gets own design studio

Ford is creating a dedicated design studio for its luxury brand Lincoln in an ongoing bid to rejuvenate the brand and position it further apart from the core Ford offering. The new design studio will be situated in the Product Development Center in Dearborn, Michigan, with Max Wolff – recruited from Cadillac last year – charged with leading the brand in its revival efforts. Ford has also announced that it will be increasing spending on the brand, giving it unique interiors and powertrains.

Production of U.S.-spec Lotus Exige and Elise to end in August

The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.