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Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.

GM seeks $16 billion more in U.S. help

GM asked the federal government on Tuesday for as much as $16.6 billion in additional federal aid to help it survive. Without the new funding, the automaker could run out of money sometime in March. Under the plan submitted to the U.S.

Mercedes C-class AMG DTM (2012) at Frankfurt motor show

Mercedes’ F125 concept might preview a hydrogen future for the automobile, but alongside this tech-laden show car Benz boss Dr Zetsche (with a little help from Michael Schumacher and Nico Rosberg) also unveiled a hardcore race car. It’s the Mercedes C-class Coupe AMG DTM, which will compete in next season’s Deutsche Tourenwagen Masters – think touring car, only with 4.0-litre V8s and rear-wheel drive chassis. Is the Mercedes C-class Coupe AMG DTM a C63 AMG Coupe under the skin?