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Ford announces new Silicon Valley research laboratory

Ford has announced plans to open a new R&D center in California's Silicon Valley with a view to creating a hub for collaborative technology projects. With neighbors including Google, Microsoft, facebook, Apple and Stanford University, it's certainly setting up shop in the right part of town. Its location also connects Ford's Advanced Design Studio in Irvine, CA and Ford employees working with connectivity platform partner Microsoft Corp.

Volkswagen to crank up U.S. Passat production

Volkswagen of America is prepared to expand production of the U.S. Passat less than four months after building its first one. The automaker is looking for a sign from the market to boost production at its just-opened plant in Chattanooga, Tenn.

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.