(May 16, 2011) Soaring gas prices may keep people out of their cars and RVs this summer, slowing a tourism resurgence in Canada, RV Business reports.

The Calgary Herald reported that with analysts warning prices could remain high for months, many in the tourism industry are watching for the fallout of expensive fuel.

(May 16, 2011) AMSTERDAM  —Spyker Cars, the Dutch owner of Saab, today announced a deal with China's Pangda Automobile Trade Co Ltd. to secure Saab's medium-term funding needs.

Panga, China's largest listed car distributor, has come to the rescue of Saab in a deal worth as much as 110 million euros ($155 million) for the debt-ridden automaker, potentially staving off the collapse of one of Sweden's best-known brands, Reuters reported early today.

(May 15, 2011) WOLFSBURG, Germany (PRNewswire) — The Volkswagen Group reported a further rise in global vehicle deliveries for the first four months of this year.

Europe's largest automaker delivered 2.66 million units from January through April, outperforming the world market. The company also reported a rise of 14.5 percent for April with 690,900 vehicles sold.

(May 15, 2011) LOS ANGELES — Fisker Automotive, a maker of luxury plug-in hybrid sports cars, is raising an additional $100 million as the startup company prepares to deliver its first production vehicles to retail customers.

Fisker disclosed the additional funds last week in a filing with the U.S. Securities and Exchange Commission, without identifying the investors. The company, based in Irvine, Calif., completed a $190 million financing round in March.

(May 15, 2011) TORRANCE, Calif. — Following Toyota’s announcement in Japanon  Friday that delivery of the Prius alpha will be delayed, Toyota Motor Sales, U.S.A. announced that the Prius V is still on track for delivery to U.S. customers this fall.

Delay of the Japan-market Prius alpha is due to the ongoing effects of the March 11 earthquake and tsunami.

(May 14, 2011) MOUNT VERNON, Ill. (PRNewswire) — Increasing demand for Continental and General brand passenger and light truck tires in North and South America is the driving force behind a $224 million investment announced this week by Continental Tire the Americas. 

(May 14, 2011) DEARBORN, Mich. — More than 650 Ford volunteers have fanned out into local communities this weekend for a Ford Accelerated Action Day dedicated to creating a better world.

MODEL Teams of Ford employee and retiree volunteers are on the job in parks, nature preserves and community centers. The Ford volunteers are building rain runoff and collection systems, improving shorelines, planting trees and flowers, and digging vegetable gardens.

(May 14, 2011) FOUNTAIN VALLEY, Calif. — Hyundai Motor America and its nonprofit organization, Hyundai Hope on Wheels, this past week announced a $10 million gift — the largest corporate gift in Children's Hospital of Orange County (CHOC) history.

(May 14, 2011) DETROIT – The U.S. Patent Board has ranked General Motors as the No. 1 innovator of 182 companies in its quarterly automotive and transportation industry scorecard.

The organization analyzes intellectual property performance across 17 industries and determines the leader in each sector based on measurements that include the number of patents, impact on the industry, and technology and science strength.

(May 13, 2011) The legendary Nürburgring will host the racing debut of Lexus’s full hybrid CT on Saturday when the luxury hatchback lines up on the starting grid for a grueling endurance race.

Primed by Gazoo Racing, the motorsport specialists responsible for the racing Lexus LFA, the CT is competing in the Adenauer ADAC Rundstrecken-Trophy, contested over six hours on one of racing’s most daunting circuits. Almost 200 cars are expected to line up for the start.