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Lamborghini Gallardo pays homage to longtime test driver

Lamborghini is paying tribute to its longtime test driver, Valentino Balboni, by putting his name on a limited run of rear-wheel-drive Gallardos. It's called the LP 550-2 Valentino Balboni, which denotes the 550-hp rating. It's the only current Lamborghini that channels power to just the rear wheels.

Meguiar still recovering from viral infection

TV host and car collector Barry Meguiar remains hospitalized in Monterey, Calif., recovering from a viral infection, but his condition is improving, a spokeswoman said on Wednesday. Meguiar, 67, was said to be in stable condition last week. On Wednesday, the spokeswoman said Meguiar was still on the mend and was awake.

Top Global Car Brands 2012: Toyota, Mercedes, BMW, VW, Honda, Ford & Hyundai

Interbrand has released its 2012 Top Global Brands rankings for 2012 with Toyota, Mercedes, BMW, VW and Honda the top four car brands. Last year, when we had the 2011 Top Global Brands revealed, Toyota managed to come at the top despite a year beset with the woes of the Tsunami. And for 2012, Toyota has hung on to its top automotive brand gong with a brand value of $30.28 billion.