I totally missed this last year, but apparently The Cars is reforming as New Cars:

Cars principals Elliot Easton and Greg Hawkes are in talks to team with veteran singer/songwriter Todd Rundgren in a new incarnation of pioneering new wave rock act The Cars, which will tour and possibly record an album next year. Rundgren will step in for Cars frontman Ric Ocasek, who has no plans to participate in the project. Cars bassist/vocalist Ben Orr died of cancer in 2000.

I'm not quite sure how they'll manage without Ocasek or Benjamin Orr, but I'll guess we'll see. I was e-mailed a teaser video (WMV or MPG) that doesn't have too much more info, but supposedly there will be a press conference in March with more details. I'll let you know if I here anything more...