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Volvo confirms big production increase for V60 Plug-in Hybrid

Volvo has been building around 150 V60 Plug-ins a week at its facility in Torslanda – alongside the regular V60, V70, S80 and XC90 – but that is now set to be upped to 282 cars a week for the rest of 2013, with plans to build at least 10,000 in 2014. The fact is that the V60 is a very appealing estate car already, and bolting a plug-in hybrid setup has turned it in to a big hit in showrooms because the barking mad official economy and emissions system bestows the V60 plug-in with emissions of just 48g/km, making it a real no-brainer in countries where governments blindly tax cars based on their official emissions. That means countries like Holland, where Volvo has received more than 3,000 orders for the V60 Plug-in, and the UK are lapping up the hybrid offering from Volvo as a way to escape big taxes and still have a swift (0-62mph in 6.1 seconds), appealing and stylish car.

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

Porsche 918 Spyder laps the 'Ring in 6:57

The stunning Porsche 918 Spyder was revealed at the Frankfurt motor show on Tuesday. The near million-dollar car has a price that's four and a half times higher than the Porsche 911 Turbo S. It was built to battle the new crop of supercars including the Ferrari LaFerrari and McLaren P1.