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Mercedes-Benz S63 AMG Coupe steps out before New York auto show debut

Following the unveiling of the striking S550 Coupe at the recent Geneva motor show, Mercedes-Benz has now taken the wraps off the even more powerful S-class two-door: The 2015 S63 AMG Coupe. It's set to make a public debut at the upcoming New York auto show. The plush, leather-lined four-seater, which will lock horns with the Bentley Continental GT when North American sales get underway later this year, runs a carryover twin-turbocharged 5.5-liter V8 engine from its predecessor, the CL63 AMG.

Unique Corvette built for 'Bunkie' Knudsen heads to auction

Rare Corvettes are in the news these days, and one car that's drawing quite a bit of attention from collectors is a 1963 Chevrolet Corvette styling car known as the "Bunkie" Knudsen Corvette, built for Chevrolet general manager Semon E. "Bunkie" Knudsen. In just a few days, this uniquely styled 1963 Sting Ray convertible distinguished by it intricately designed side exhaust will be going up for auction.

News watch February 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Wednesday 29 February 2012• Following on from yesterday's news of a cross-holding between PSA and GM, it now appears that Peugeot Citroen would offer a €1bn rights issue to create cash and strip back jobs as part of its proposed alliance with GM (Automotive News Europe)  • The Bloomberg Riskless Return Ranking, a survey of investor performance, suggests that Kia has outperformed all 22 other car makers with a risk-adjusted return of 9.2% in the past five years. Second highest was Hyundai, whose shares rose 4.8% in the same period (Bloomberg)• Fisker has a new chief executive officer, as founder Henrik Fisker moves to executive chairman. The new boss is Tom LaSorda, the former top man at Chrysler pre-bankruptcy (Fisker)Tuesday 28 February 2012• General Motors is in talks to buy a 5% to 7% stake in PSA Peugeot Citroen, according to reports by news agencies Bloomberg and Reuters.