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Chevrolet Mi-ray concept

Making its debut at the Seoul Motor Show is the Chevrolet Mi-ray. The Mi-ray, which takes its name from the Korean for future, is a hybrid sports car that is the first concept car from the Korean arm of GM. Which, considering its name, aptly represents the future of the brand as well as the ‘future of muscle cars.' Said to take influence from past Detroit legends such as the 1963 Monza SS and Corvair Super Spyder, the Mi-ray features a pleathora of sporting influences, making its intentions clear.

Lajdziak replaces Schembri as the president of Smart USA

Jill Lajdziak, Saturn's former top executive, was named president of Smart USA just three days after starting with the company. David Schembri, who previously held the job, will take an unidentified position with the Penske Automotive Group, which distributes the Smart ForTwo microcar in the United States, the company said. "Dave will transition into retail operations at Penske Automotive Group with our dealerships," said Penske spokesman Anthony Pordon.

De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.