en-us Thu, 23 May 2013 13:00:29 ESTTom LaSorda, former CEO of Chrysler and Fisker Automotive, has started a new venture capital fund -- with investors that include auto racing and retailing executive Roger Penske -- that will invest in startup companies in health care, clean energy,... Thu, 23 May 2013 00:01:00 ESTThe Lamborghini Egoista concept shown earlier this month at the company's 50th anniversary celebration in Bologna, Italy, isn't planned for production, but it does have a purpose: countering critics who think Lamborghini has lost some of its design... Thu, 23 May 2013 11:55:25 ESTMay auto sales in the United States are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15. Thu, 23 May 2013 03:44:45 ESTNissan will recall about 841,000 vehicles worldwide as a result of a steering wheel glitch that could result in a loss of steering. The automaker said no accidents have been reported. Thu, 23 May 2013 00:01:00 ESTGeneral Motors is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. Thu, 23 May 2013 03:34:36 ESTA Swedish prosecutor wants to question former Saab Automobile Chairman Victor Muller as part of an inquiry into suspected tax offenses at the automaker, a Swedish newspaper reported. Thu, 23 May 2013 00:01:00 ESTGM will price its new Chevrolet Spark electric vehicle at $27,495, including destination charges and before federal tax credits, placing it among the cheapest EVs on the market. Wed, 22 May 2013 20:04:21 ESTFord, citing high operating costs, falling sales and financial losses, will close its Australian car and engine assembly plants in 2016, ending almost nine decades of manufacturing in the country. Wed, 22 May 2013 10:48:52 ESTTesla Motors said it paid off the entire balance of its federal government loan given as part of a Department of Energy program to spur development of alternative energy vehicles. Wed, 22 May 2013 11:50:43 ESTMichael Stanton, a longtime lobbyist and a driving force for automakers in public policy, plans to retire as president and CEO of the Association of Global Automakers in early 2014.