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Carroll Shelby honored with Keith Crain achievement award

Famed car designer Carroll Shelby received the 2011 Keith Crain/Automotive News Lifetime Achievement Award on Thursday evening during the Washington auto show. The award is given annually to an individual who has made a significant contribution to the auto industry. "I accept this award with all of the humility a person could have," Shelby said.

BMW Zagato coupe bows at Lake Como

Italian flair, German precision and a somewhat sobering dose of reality—that's the ethos behind the striking BMW Zagato coupe revealed on Friday at the glamorous Concorso d'Eleganza Villa d'Este on the shores of Lake Como in Italy. The one-off coupe features elegant, sporty styling that blends traditional elements from both BMW and Zagato, which each have long histories of working with partners to produce impressive cars. But, this coupe is more than just a design exercise.

Infiniti 'gunning for 700,000 sales' - Ghosn

Infiniti is planning to announce a new sales target of 10% global luxury market share - quadrupling sales to 700,000 a year - in a new mid-term statement due this summer. Renault Nissan chief executive Carlos Ghosn told CAR that Infiniti is on line to sell 165,000 cars worldwide in 2011 but said Nissan was investing heavily in its premium division to swell sales considerably. It's an ambitious goal: if successful, Infiniti would be encroaching on the 1m+ territory today dominated by the German luxury brands.