Hyundai Chairman Mong-Koo Ordered To Pay $60 Million

Hyundai Motor Chairman Chung Mong-Koo will have to pay $60 million in damages to Hyundai Motor Company because of a lawsuit brought by 14 minority shareholders in the car company. Hyundai shareholders Chung Mong-Koo and Kim Dong-Jin suffered major losses when Hyundai Motors sold shares of Hyundai Chaebol (Hyundai Airspace & Aircraft Co. and Hyundai Hysco) and their affiliates. [TheTruthAboutCars]

General Motors Working On Rear-Wheel Drive Hybrids

General Motors will be moving their Two Mode Hybrid powertrain made for trucks to rear-drive cars according to GM Vice Chairman of Global Product Operations Tom Stephens. This motor will appear in 2013 when GM introduces a new line of full-size trucks. [Edmunds]

Ford Shows Off The Shelby GT500

Ford will be showing off the 2011 Shelby GT500 later today at the SVT garage near Detroit. [AutoWeek]

Danica Patrick Heading To NASCAR Nationwide Series

GoDaddy.com girl Danica Patrick got 6th place at the ARCA race this past Saturday. This year she will have a Nascar Nationwide Series debut at the Daytona International Speedway. “Racing in the Nationwide Series race was my goal during this entire two-month preparation process, but we wanted to make sure it was the right thing to do,” stated Patrick as quoted by The New York Times. Patrick will drive the Number 7 GoDaddy.com Chevrolet Impala. [NYT]

Toyota Exec Jim Lentz Goes On Digg

Jim Lentz, President and Chief Operating Officer of Toyota Motor Sales will be answering some of the top questions asked by the Digg communitylater today as part of a Live Digg Dialogg. Over 1,000 questions have been asked on the forum. Some of the questions include:
“What do you drive?”
“How far along is Toyota on moving into some truly gas free cars in the future? Are these kinds of vehicles even possible or feasible in our current lifetime?”
“It has been years since Toyota had a sports car (Supra) available for sale in North America. Are there any plans to bring back the Supra or come out with a new afordable [sac] sports car?” [Digg]

Chad Henne Wins Audi Fuel-Efficiency Competition

Miami Dolphins quarterback Chad Henne won a competition between reporters, writers, and athletes to find out who can get the most miles per gallon out of a 2010 Audi Q7 TDI engine. The route was to be between Herdon, Virginia and Miami, Florida. Henne was able to achieve 32.6MPG. Henne won $20,000 and donated it to the Berks County Community Foundation. [Examiner]