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Concept Car of the Week: Ghia Streamline X 'Gilda' (1955)

In 1954 Virgil Exner, director of styling at Chrysler, created a scale clay-model to communicate to his team his vision of futuristic and aerodynamic shapes. The sculpture was then painted black and was left on display in Exner's Office. There it caught the eye of Luigi Segre, director of Ghia who expressed his intentions to create a car inspired by the forms of the model.

Report: Chevrolet Cruze, Toyota Corolla lowest lease payments in May

The Chevrolet Cruze and Toyota Corolla sedans offered the lowest average monthly lease payments in May, according to records by Swapalease.com. On average, Chevy Cruze lessees paid just $214 per month, while average Toyota Corolla lessees paid $234. Records show the cheapest alternative fuel vehicle's lease is the Chevrolet Volt at $315.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.