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Porsche 991 GT3 Cup (2013): the new racer revealed

The first 991-generation to bear the GT3 name isn't a hardcore road car: it's the latest version of the world's most successful racing car. This is the Porsche 911 GT3 Cup car, a stripped-out racer that'll compete in a one-make racing series from 2013. It'll also spawn other racing versions of the rear-engined icon, and eventually track-day versions of the 991 too.

GM to invest $2 billion in 17 plants

General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.

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.