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VW's wild new 496-hp Golf GTI

UPDATED: Volkswagen has revealed a 496-hp version of the seventh-generation Golf GTI as part of activities at this year's Worthersee fan meet in Austria – and with it, projected the hot hatchback into the same league as some of the world's most celebrated supercars. Dubbed the Design Vision GTI, the radical new concept showcases a twin-turbocharged 3-liter V6 engine developed for use in upcoming models that, like the new Golf GTI, are based around Volkswagen's highly flexible MQB (modular transverse architecture) platform structure. Set to find its way into selected new Volkswagen models in future years, the direct injection engine replaces the Golf GTI's turbocharged 2.0-liter inline four, and is mounted transversely in the engine bay of the Design Vision GTI.

Redesigned 2012 BMW 3-series revealed

BMW has revealed its sixth-generation 3-series sedan. The new model is the first in an unprecedented six-car lineup that will include a five-door GT and a four-door GranCoupe for the first time. BMW plans to put the car on sale across North America in February as a 2012 model.

Hershey auction and swap meet gets under way

The Hershey Auction in Pennsylvania is in full swing on Thursday, and our friends from Hagerty Insurance are there. The event is hosted by RM Auctions and includes some of the rarest auto antiques in the world. The two-day event auction coincides with the Antique Automobile Club of America Eastern Division Fall Meet, bringing even more classic sheetmetal to the Hershey Lodge.