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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.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.

Autoweek archives: Pontiac Firebird Type K wagon

This Autoweek archives piece comes from March 1980, when Bob Irvin and Bob Hall explored the fabled--and failed--Pontiac Trans Am wagon. In the late 1970s, the Pontiac Firebird Type K (Kammback) was explored as a way to inject some life into the aging F-body lineup. After a concept build by Pontiac Motor Division, vice president of design Bill Mitchell had two 1977 models constructed in Italy by famed Ferrari designer Sergio Pininfarina.