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Audi to engineer next Porsche Cayenne

Audi will develop Volkswagen group's Porsche Cayenne, VW Touareg and Audi Q7 large SUVs in the future. Currently, Porsche has responsibility for engineering the three models, which share the same underpinnings. The decision to transfer developement to Audi comes after Porsche was chosen instead of Audi to be the lead developer for large luxury sedans and sports cars within VW group.

2013 Lotus Evora gets $68,285 base price

Lotus is adding its Intelligent Precision Shift automatic transmission to the supercharged version of the Evora for the 2013 model year. The automatic was available on the naturally aspirated Evora for the 2012 model year, while the Evora S offered only a six-speed manual. The base 2013 Lotus Evora carries a sticker price of $68,285 including $1,485 in destination, while the S model with the rear seats will sticker at $80,085.

Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.