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VW's future: Jetta refresh, renamed SportWagen

Michael Horn is new enough to his U.S. assignment that he's still looking for a permanent home in suburban Washington for his family. But Volkswagen Group of America's new CEO hasn't had a moment to waste getting his corporate house in order.

RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.

'Crash for cash' scammers under pressure

SCAMMERS have been stopped in their tracks following an announcement that fees surrounding whiplash claims are to be capped. From October, new rules will mean medical professionals can only charge £180 for an initial whiplash report. At present, as much as £700 is charged.