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Mercedes-Benz, BMW both post record September sales

Not only are the German horsepower wars still going strong, but if this next bit of news isn't evidence of German sales wars, then we don't know what is. BMW sold 189,675 vehicles worldwide during the month of September, an increase of 6.7 percent over the previous year, which also made it the best September sales month for the automaker. This comes with a small asterisk -- namely, that figure includes Mini and Rolls-Royce sales, though if we're talking just BMW-badged vehicles, the September sales totaled 158,029 (still a 7.6 percent increase over September of 2012).

Scion reveals rear-wheel-drive FR-S concept

The collaboration between Toyota and Subaru to develop a rear-wheel-drive sports car hasn't been a secret. It's been common knowledge that the car would feature a boxer four-cylinder engine, but there were questions about what badge the Toyota version of the car would wear when it hit the U.S. market.

GM prepares to announce Pontiac closure next week

General Motors is preparing to announce early next week that the Pontiac brand will be eliminated, said a source familiar with the company's plans. The announcement will be made as part of an updated viability report to the U.S. auto task force, the source said.