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Chrysler to build smaller version of Pentastar V6

The Chrysler Group plans to produce a smaller version of its 3.6-liter Pentastar V6 engine, likely at a plant in suburban Detroit, according to a union official and a source familiar with the project. The new 3.2-liter Pentastar V6 is set to debut in the replacement for the Jeep Liberty, the union official said. Chrysler-Fiat CEO Sergio Marchionne has said the Liberty successor will be introduced in January at the 2013 Detroit auto show.

McLaren F1 sells for $8.47 million at Gooding & Co’s Pebble Beach Auction

McLaren F1 chassis #66 (pictured) has sold for $8.47 million There’s been an inexorable rise in the price of classic cars in recent years as rich men realise that certain classic cars not only have huge appeal, but appear to be going only one way in price. Add to that – certainly in the UK – that any profits made on the sale of a classic car you’ve bought for your own enjoyment are tax free, and it’s no shock that values keep rising, and the rarer the car the more they rise. So with only 64 road cars made, the McLaren F1 can be considered a sound investment, with values rising since it first sold in the 1990s for around £640,000 to a new world record auction price set last night of £8.47 million (around £5.42m).

2014 Volvo S80 grabs IIHS Top Safety Pick Plus+

The second-generation Volvo S80 has been with us since 2008, and just a year before its scheduled replacement with an all-new model it has managed to grab a Top Safety Pick+ rating from the Insurance Institute for Highway Safety (IIHS). The S80 now joins its XC90, XC60, and S60 siblings in receiving this accolade, which was instituted just last year when the IIHS created a new type of crash test called the small overlap test. The small overlap test is designed to recreate a rather typical road accident scenario, one which hadn't been added to the roster of crash tests by most vehicle organizations.