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Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?

Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.

Toyota and Lexus secret hybrid cars revealed

By Georg Kacher Motor Industry 03 September 2008 11:50 CAR Online has compiled a secret dossier of all the hybrid petrol-electric cars under development at Toyota and Lexus. Today we can reveal a new wave of eco-friendly plug-in hybrids – with confidential details of the next Prius and all the new models that will build on the success of Toyota and Lexus battery cars. There will be a new family of Prius hybrid models, as previously reported in CAR, as well as a new Lexus RX hybrid, sportier batter-powered cars and a top-secret petrol-electric Lexus hatchback.

Woodward Dream Cruise -- The main event of muscle and power

Woodward Avenue was reignited on Saturday for Detroit's annual summer festival of muscle cars and all-American sheetmetal. After days of preliminary events, parades, car shows and early cruising, the main event took shape as thousands of classic cars and an estimated crowd of more than a million enthusiasts from around the country flocked to the boulevard that helped popularize the allure of fins, chrome and raw power. The event began in the mid-1990s and now is in its 17th year.