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Volkswagen Golf R confirmed for America

Enthusiasts spoke, and Volkswagen listened. VW announced Thursday that the diminutive and powerful Golf R is coming to the United States in 2012. VW said the Golf R will have a 2.0-liter turbocharged four-cylinder with a significant increase in horsepower over the 200-hp GTI.

Jaguar R-S Range to grow – XKR-S Convertible, XJR & XFR-S planned

R-S will extend across the Jaguar range It’s been a while since we played the speculation game with Jaguar, so it’s due. The last punt we had after a tip-off – apart from the XF 2.2 diesel Jaguar denied when we ran the story – was that Jaguar were planning on building an XJ Supersport Diesel. But long before that we heard that, there were rumblings of a more powerful petrol XJ Supersport too, an XJR, perhaps, or maybe an XJR-S or XJ Supersport S.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.