In Walt Disney Company's first quarter 2010 earnings call Tuesday, the company President and CEO Bob Iger announced that the Disney/Pixar production of Cars 2 will be released in theaters in December of 2011.

The Brad Lewis-directed film had been previously set for a June 24, 2011 release.

In the Cars 2, all the world's a racetrack as racing superstar Lightning McQueen zooms back into action, with his best friend Mater in tow, to take on the globe's fastest and finest in this thrilling high-octane new installment of the "Cars" saga. Mater and McQueen will need their passports as they find themselves in a new world of intrigue, thrills and fast-paced comedic escapades around the globe.