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First details of 2013 Skoda Octavia emerge

More details and images of the 2013 Skoda Octavia have been revealed ahead of its official announcement. The C-segment Octavia will be the fourth model to sit on the MQB platform after the Volkswagen Golf Mk7, Seat Leon and Audi A3. These images suggest the car will offer few surprises – from its familiar corporate grille to the new, sharp-edged, cut-glass inspired surfacing first seen on the Rapid this third-generation Octavia looks set to build on its solid and loyal customer base.

UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

Ford Edge gets $200 price cut

Ford Motor Co. said Tuesday that the 2011 Edge crossover will start at $27,995 including shipping. That's about $200 less than the 2010 model, although Ford added more power to the 2011 base engine.