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Future products: Bentley reskins Continentals, works on convertibles

Bentley's sales have plummeted as its cars aged and the economy fell into recession. The launch of the Mulsanne flagship this year is cause for optimism, as is the coming reskin of the Continental range, which was introduced in the United States in 2005. Bentley will begin rolling out the new versions of the Continental next year, starting with the GT coupe.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.

Volvo plans diesel and electric cars for U.S., will aim S60 at enthusiasts

Volvo will add diesel and electric cars to its U.S. product lineup as it tries to meet stricter U.S. fuel-mileage standards that will begin phasing in for the 2012 model year.