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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.

Audi Q5 headed for U.S. showrooms

It will take just a bit more than $38,000 to get into Audi's 2009 Q5 all-wheel-drive crossover. Audi has set the sticker price for the Q5 Premium, which is the starter trim level, at $38,025 including shipping charges. There are two steps up the trim-level ladder--the Premium Plus, which stickers for $42,325, and the Prestige, which carries a bottom line of $49,025.

Koenigsegg One:1 – First official details

We have the first official details on the new Koenigsegg One:1, the most extreme Koenigsegg produced to date, a series of 5 cars for China. The Interwebs have been full of speculation about a new Koenigsegg in the last few days – the Koenigsegg One:1 – which has surfaced after a brochure scan for the One:1 was leaked online (above). The general consensus has been that the One:1 is a new customisation programme for Koenigsegg, allowing buyers to customise their cars in an even more extreme way.