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May sales slide 4 percent on rising fuel prices, tight vehicle supplies

U.S. light vehicle sales dropped 4 percent in May--the first decline since August--as rising gas prices, inventory shortages, higher stickers and economic jitters curbed demand. The pace of sales last month--11.78 million units on an annualized basis--was the year's lowest and marked the first seasonally adjusted total below 12 million units in seven months.

Spied: The 2012 Volkswagen New Beetle looks a bit squished

Volkswagen's upcoming onslaught of new products includes a redesign for the New Beetle. The new New Beetle is expected to arrive in 2011 as a 2012 model, with a convertible version set to arrive a year after the coupe. Recent spy photographs of a prototype being tested on public roads in Europe show that the 2012 New Beetle has a roofline that has less arch than the current model.

Ralph Gilles talks past, present and SRT future

Ralph Gilles -- SRT boss, Chrysler vice president of design, curator of something called the "Man Van," has become the public face of Chrysler performance, carrying the legacy of Firepower engines and 428 Coronets and the Dodge Viper RT/10 into the future with the Challenger, Charger and Jeep Grand Cherokee SRT8s. Since "unofficially" helping form it in 2003, Gilles has seen SRT transformed into Chrysler's most coherent performance strategy since Plymouth Rapid Transit, a company-wide force so much greater than the flagship Dodge Viper. He was there from the beginning.