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Volkswagen Golf R 400 sounds like it means business (video)

The VW Golf R 400 (pictured) on the move in Vienna The Volkswagen Golf R Concept arrived at the Beijing Motor Show recently, and it looked pretty much production-ready. So it was no huge surprise when we got news that the Golf R 400 is going in to production – although probably in limited numbers with a big price tag – and there seems to be more than a fighting chance it will actually get more than the 395 bhp (400 PS) the concept has. But even if the R 400 only comes with 395 bhp, it promises to out-do the current hot hatch champion – the Mercedes A45 AMG – with a 0-62mph of 3.9 seconds and a top speed of 174mph, with all its power being put down to all four wheels through VW’s 4MOTION.

GM sets price on Chevrolet Corvette Competition Sport package

Chevrolet has set the sticker price for the Corvette Competition Sport packages it announced last week. Be prepared to spend $55,655 for a Corvette coupe with the 1LT trim level and the Competition Sport package. Adding the package to the Corvette Z06 with the 1LZ trim brings the bottom line to $74,775.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.