Chrysler to build ZF's eight-speed transmission in Indiana

The Chrysler Group plans to spend $300 million to build a new eight-speed automatic transmission licensed from ZF Group, a transmission maker headquartered in Friedrichshafen, Germany. The investment will pay for installation of special tooling and equipment at Chrysler's Transmission Plant 1 and Kokomo Casting Plant in Indiana and help retain 1,200 jobs there, Chrysler said Wednesday. Production will start in 2013.

Autoweek in review: The Cayenne Turbo S gets more power, we drive the new Aston Martin Vanquish, and a Porsche 962 for the street

The 2013 Porsche Cayenne Turbo S will now have 542 horsepower. The Cayenne Turbo S will sprint from 0 to 62 mph in 4.2 seconds, with a top speed of 176 mph. Click here for more details.

Audi Urban Concept

Audi has released additional photos and information on the Urban Concept, which is set to make its debut at the Frankfurt motor show in September. As we previously reported, the new car – touted by Audi as a 'new kind of concept car' that combines aspects of a racing car as well as a fun-to-drive urban vehicle – is a diminutive two-passenger vehicle powered by two e-tron electric motors. Measuring in at 3200mm long, 1700mm wide and 1200mm tall, the Urban Concept is expected to weigh less than 500kg, thanks largely to a cockpit made from CFRP.