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Volvo will market entry-level car to rival VW Golf

Volvo plans to offer a Volkswagen Golf competitor as part of a plan to expand the automaker's product line. Speaking in London last week, new Volvo CEO Stefan Jacoby said the next generation of the entry-level Volvo “will be a derivation of the C30, a Golf competitor,” according to the Web site www.autocar.co.uk. He also said Volvo's brand positioning would shift toward “functionality and Scandinavian elegance” and away from sportiness, according to the Web site.

Mercedes unveils powerful new AMG 4.0-litre twin-turbo V8

By John Mahoney Motor Industry 25 July 2014 17:09 Mercedes AMG has released details of an all-new 503bhp 4.0-litre twin-turbo V8 that will help fill the void when the production of its normally aspirated 6.2-litre V8 ends. Lightweight, compact and more efficient than the big 6.2-litre it replaces, the new smaller capacity turbocharged V8 produces 479lb ft from just 1750rpm. The first car to receive the new engine will be the Porsche 911-rivalling Mercedes AMG GT, but other smaller cars like the C63 AMG are also set to benefit from its compact design.

Ford posts record first-quarter profits

Ford Motor Co. said first-quarter net income increased 15 percent from a year earlier to $1.61 billion, as rising U.S. auto sales pushed North American profits to a record, offsetting deeper losses in Europe.