Auto News 5

Valeo SA, France's second-largest auto-parts supplier, rose in Paris trading after saying it's working with financial advisers to evaluate strategic options. Full story...

The Chrysler and Lancia European dealer network will shrink by about 350 dealers and the Chrysler name will disappear from showrooms in mainland Europe under a big shake-up of distribution activities. Full story...

Electric cars offer a chance to develop lucrative new technologies, and suppliers would benefit from grabbing more of this work -- but carmakers chasing elusive profits may want to keep control of new electric vehicle (EV) technologies. Full story...

The Chrysler and Lancia European dealer network will shrink by about 350 dealers and the Chrysler name will disappear from showrooms in mainland Europe under a big shake-up of distribution activities. Full story...

Team Target Ganassi driver Dario Franchitti earned a total of $2,752,055 for his victory at the Indy 500 on the Indianapolis Motor Speedway last Sunday. Full story...

Scuderia Ferrari Formula 1 test driver Marc Gené displayed some impressive drifting skills when he recently drove a Ferrari California. Full story...

Atlanta - Starting tomorrow the 2011 Panamera and Panamera 4 featuring the company's all-new, fuel efficient 300-horsepower V6 engine will begin arriving at Porsche's nearly 200 dealerships across America. Full story...

The 2010 Dodge Viper SRT10 ACR-X is "the" ultimate special-edition model of America's ultimate sports car. Full story...

The official web site of Formula 1 (formula1.com) posted Friday the video edit of their coverage of the Grand Prix of Turkey and the footage reveals some very interesting McLaren radio conversation that took place during the race. Full story...

When Spyker Cars bought Saab from GM, everybody knew what part of the plan was. And now they've just officially announced it. Full story...

Tomas Scheckter has been named to replace the injured Mike Conway in this weekend's IndyCar Series race at Texas Speedway. Full story...

The race is just around the corner: on the weekend of June 12 and 13 the Le Mans 24 Hours will be held for the 78th time. Like no other motorsport event, the world's most famous endurance race has always been instrumental in accelerating the technological development of the automobile. Full story...

Saleen Performance Vehicles is unveiling the latest product in its premiere line of high-performance cars, the 2011 Saleen S302. The debut will take place this weekend at the Carlisle Ford Nationals in Carlisle, PA. This is the first Saleen vehicle launched this year, following the successful launches of the 435S and S281 in 2009. Full story...

Detroit - Chevrolet today awarded Detroit Tigers pitcher Armando Galarraga a 2010 Corvette convertible, recognizing his outstanding performance on and off the field. Full story...

Fears are growing that the inaugural Korean grand prix this October may have to be called off. Full story...

The HRT and Sauber teams have moved to play down speculation that suggests their driver lineups may soon change. Full story...

With their Turkish crash still loud in the news, attention is now turning to the new contracts on the table for Red Bull teammates Mark Webber and Sebastian Vettel. Full story...

Slip behind the wheel of a Formula 1 car with this one-of-a-kind clock! Full story...

Let me get this out of the way first: my memories of the old generation of the Subaru Impreza were more about the high-performance versions that are the WRX and STI than the basic models. And my only recent road test (other than as a passenger riding with a colleague) essentially had to do with the Impreza WRX 265, a definitely more dynamic ride. Full story...

It's a dramatic moment. In an ultra-modern audio studio, a Pearl White Lexus LFA supercar faces its challenger: a lone crystal champagne flute on a pedestal alongside a sleek amplifier. The vehicle's keyless ignition is engaged, and its rear wheels start spinning on a dynamometer. The engine roars louder and louder, the speedometer clicks past 150, 160, 170 mph. That's when the glass quivers and shimmies until - kshhh! - the flute shatters in gorgeous slow motion. Full story...