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Mercedes-Benz S63 AMG Coupe steps out before New York auto show debut

Following the unveiling of the striking S550 Coupe at the recent Geneva motor show, Mercedes-Benz has now taken the wraps off the even more powerful S-class two-door: The 2015 S63 AMG Coupe. It's set to make a public debut at the upcoming New York auto show. The plush, leather-lined four-seater, which will lock horns with the Bentley Continental GT when North American sales get underway later this year, runs a carryover twin-turbocharged 5.5-liter V8 engine from its predecessor, the CL63 AMG.

VW recalls 2014 vehicles for oil-cooler issue

Volkswagen notified the National Highway Traffic Safety Administration recently of an issue affecting the automatic transmission oil cooler in certain 2014 models. The recall has affected 26,452 vehicles overall, including the 2014 model year Passat, Jetta, Beetle and Beetle convertible, made between Feb. 1, 2014 and April 6, 2014.

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.