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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.

BMW 5-series is in line for the company's new triturbo diesel engine

Details leaked from a dealer conference held in Holland this week suggest that BMW's upcoming 550dX will be the first recipient of the German carmaker's new high-tech triturbo 3.0-liter inline six-cylinder diesel engine. The new engine, which also is destined for the new X5 xDrive50d and X6 xDrive50d models, is claimed to produce 376 hp and more than 516 lb-ft of torque--some 70 hp and more than 74 lb-ft more than the most powerful version of BMW's existing twin-turbocharged 3.0-liter inline six-cylinder diesel engine, as found in the X5 xDrive40d. The radical new engine, which is rumored to use two traditional exhaust-blown turbochargers in combination with an electrically driven turbocharger to add low-end response, is planned to be offered exclusively with an eight-speed automatic gearbox and four-wheel drive.