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Ford plans to introduce two-cylinder and three-cylinder engines

Ford Motor Co. will introduce its smallest turbocharged engine yet next year, and on the horizon are even tinier engines--including two- and three-cylinder versions, the automaker's powertrain chief said Monday. Barb Samardzich, Ford vice president of powertrain engineering, said two- and three-cylinder engines and engines with displacements of 1.0 liter or below are possible.

Hyundai to launch N high-performance brand in partnership with WRC team

Microsoft Hyundai today announced it will launch a new high-performance N brand to rival go-faster versions from German manufacturers. Future Hyundai N models will be low-volume sporting derivatives, inspired by the new i20 WRC rally car which will launch at the Monte Carlo race in January 2014. The N badge is designed to cement the link with Hyundai's Namyang R&D centre in Korea, which helped develop the i20 WRC in record time - the team was only founded 12 months ago.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.