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Audi is introducing the RS Q3 concept, a turbocharged 2.5 liter 5-cylinder engine mated to a seven-speed transmission. The 360 hp RS Q3 accelerates from 0 to 100 km/h in 5.2 seconds, and it has a top speed of 265 km/hr.
PSA will close r&d site to reduce spending
Marchionne apologizes for 'wop engine' comment
Daimler may sell company-owned German dealerships to cut costs
Toyota overtakes BMW as most valuable global car brand
Former Saab CEO Jonsson, two other execs arrested on tax charges