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Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.

Maserati looking at LaFerrari for MC12 successor

Maserati is looking into building a successor to the MC12 Stradale supercar based on the Ferrari LaFerrari, according to a report from Autocar. Maserati boss Harald Wester didn't confirm it to the British magazine, but admitted there is an opportunity. The new car would use the chassis and suspension components from the LaFerrari, but not its electric motor and KERS system.

Volvo S60 sedan shown at the Detroit auto show

Showing a new direction inspired by Scandinavian design, Volvo displayed a concept vehicle at the Detroit Auto Show that previews the new S60 sedan, due in 18 months. The car has a new face--with angled headlamps, a coupe roofline and no B-pillar--and an interior with the "environment of a modern Scandinavian living room," said Steve Mattin, Volvo senior vice president of design. The car's more emotional look is part of a longer-term strategy to give Volvo a more exciting image in the United States through changes in product design and marketing, said Stephen Odell, CEO of Volvo Car Corp.