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Jaguar F-Type to get V8 engine option

The Jaguar F-Type will get a V8 powerplant in addition to a supercharged V6 when it launches in 2013, Autoweek has learned. The much-anticipated two-seat sports car was confirmed in April at the New York auto show. Jaguar then elaborated weeks later at the Beijing motor show that the F-Type would get a supercharged 3.0-liter V6 pushing out 380 hp.

Bugatti loses top speed record, teases new garage doors

Bugatti placed this teaser shot on its Facebook page Monday with a cryptic quote. “The stage is set. It's almost time for us to share the latest example of exceptional Bugatti performance, simply keep a close eye on Facebook over the next few days.” Rumors floating around say this could be the Super Veyron we've heard whispers of.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.