This Just In: New on the Net

Since both places have drive-up windows, I’m going to go out on a limb and call the fact that Arby’s just bought Wendy’s car-related. Founder Dave Thomas opened the first restaurant in Ohio forty years ago, and one of his daughters described her family as "devastated" by the sale. All I’m saying is that Arby’s better not mess with the menu at Wendy’s—it’s the best fast food out there. Anyway, here’s the news:

• Don’t be surprised if you hear some execs in Dearborn humming AC/DC today, as Ford just announced that—for the fiscal quarter at least—the company is back in the black. Given most analysts expected the Blue Oval to still be hemorrhaging cash, this is big news. Auto Observer
• Ferrari will open its first retail store in the UK later this year, which should come as a real relief to all the blokes looking for a great way to drop $50 on a ball cap. CarScoop
• Pininfarina has announced it plans to open a design center in India. Something tells me that in the next decade, India will be a major player in the automotive world. Stay tuned. World Car Fans
• VW is looking to build cars in the US, and the company has narrowed its search to three states. Who says having a devalued currency is so bad? Freep
• The American Axle strike is beginning to feel a lot like the Democratic primary. It’s going on and on, with no end in site. Will we have a new President before those AA and the UAW reach a deal? Detroit  News