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New Mercedes S 63 AMG costs from £119,565

New Mercedes S 63 AMG (pictured) costs from £119,565 The arrival of the new Mercedes S-Class in May saw MB move their range topper on properly for the first time in almost a decade, but with UK prices staring from £62,650 for the S 350 BlueTEC it wasn’t going to be on most people’s shopping list. And if you can’t afford Mercedes’ entry-level S-Class there’s no hope of affording the new S63 AMG, which Mercedes has revealed will cost an eye-watering £120k when it arrives in the UK in November. To be entirely fair, the new S63 is an awesome car with immense performance (which would be even more impressive if Mercedes endowed it with 4WD, as they do in other markets) with its 5.5 litre bi-turbo V8 developing 577bhp and getting the S63 to 62mph in 4.4 seconds.

Ford burns through $5.5 billion in 4th quarter as losses mount

Ford Motor Co., the only U.S. automaker operating without federal loans, burned through $5.5 billion in cash during the final three months of 2008 as losses mounted. Ford finished the year with cash reserves of $13.4 billion.

2013 Ford Fiesta ST debuts at Geneva

2013 Ford Fiesta ST The 2013 Ford Fiesta ST arrives at Geneva in production guise – after a Fiesta ST Concept last year – and will go on sale early 2013. It looks like Ford has finally managed to fit the new 1.6 litre Ecoboost under the bonnet of the new Fiesta ST (all the cars running around so far have had the lump out of the Zetec S) and has pitched up at Geneva with the production version of the 2013 ST. That 1.6 litre Ecoboost engine is a four-cylinder petrol with 178bhp and 177lb/ft of torque, which gives a sub-7 second 0-62mph and a top speed of 136mph.