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Fiat takes majority control of Chrysler

Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.

Volkswagen XL1

This, remarkably, is the production version of the Volkswagen XL1, the most fuel-efficient production car in the world, a car we'll see in Geneva in a little over a week. Barely changed from the concept version shown at the Qatar motor show two years ago, the production XL1 is the first production result of VW's 1-liter project – to design a car that uses less than 1l/100km (282.5mpg imperial) – that started with the lozenge-shaped, tandem-seat 2003 1L and the later L1 of 2009. The XL1 actually beats that by sipping just 0.9 liters with CO2 emissions of 21g/km.

Audi A5 Sportback preview (w/ Video)

Audi has revealed a teaser image and sketch of the forthcoming A5 Sportback, which is scheduled to make its debut at the Frankfurt motor show in September. Though the core design of the production car is similar to the Sportback show car unveiled at the NAIAS in Detroit at the start of this year, it will be smaller in size. Coined a 'five-door coupe' by the Ignolstadt-based automaker, the Sportback features a spoiler lip and a diffuser insert integrated into its elongated rear end.