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Ferrari boss Montezemolo says his future is fast cars--and fast trains

Ferrari S.p.A. Chairman Luca Cordero di Montezemolo has pledged his future to the supercar brand, refuting speculation that he might quit to join Italy's government. “In my future I see fast cars and fast trains--and no politics,” Montezemolo told Automotive News Europe in an interview at Ferrari's headquarters here.

Jaguar lines up 4-, 6-cylinder engines

Jaguar hasn't offered a four-cylinder engine since 1948 and no V6 since the small, lackluster X-Type was pulled from the United States four years ago. But in an era of mpg obsession, even this proud British luxury brand is changing. Jaguar will offer four- and six-cylinder engines in two of its three car lines, starting this fall.

Mercedes-Benz plans to add a fifth compact model in 2014

Mercedes-Benz will build a fifth variant off its future A- and B-class compact-car platform. The model will be a so-called "shooting brake," company sources said, adding that the low-slung sporty station wagon will start arriving at European dealerships in 2014. The car will most likely be called the CLC Shooting Brake, the sources said.