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CAR sets new hybrid speed world record in Infiniti M35h

Infiniti M35h Hybrid (2011) long-term test review CAR Magazine has set a new Guinness World Record for an acceleration run in a hybrid car. Associate editor Tim Pollard drove an Infiniti M35h hybrid to record a 13.9sec time over the standing quarter mile - as quick as a Lamborghini Countach would've been in the 1980s. You can read the full four-page report in the new October 2011 issue of CAR Magazine on sale this week, but for now watch the video recording the record run at Santa Pod, the home of European drag racing.

General Motors draws on global designers for the new Chevrolet Corvette

For the first time, General Motors studios across the world have submitted design studies for the next-generation Chevrolet Corvette. Late last year, Ed Welburn, GM's vice president of global design, invited GM's 10 styling studios to submit design proposals. Some "were absolutely phenomenal," Welburn said.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.