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Infiniti 'gunning for 700,000 sales' - Ghosn

Infiniti is planning to announce a new sales target of 10% global luxury market share - quadrupling sales to 700,000 a year - in a new mid-term statement due this summer. Renault Nissan chief executive Carlos Ghosn told CAR that Infiniti is on line to sell 165,000 cars worldwide in 2011 but said Nissan was investing heavily in its premium division to swell sales considerably. It's an ambitious goal: if successful, Infiniti would be encroaching on the 1m+ territory today dominated by the German luxury brands.

VW Beetle Turbo, Jetta GLI get power increase

Volkswagen's 2.0-liter turbocharged four-cylinder engine is getting a 10-hp boost; the engine is now rated at 210 hp while torque remains unchanged at 207 lb-ft. The engine will be available on the Volkswagen Beetle Turbo coupe and convertible and the Jetta GLI sport sedan. VW claims the new engine shaves 0.2 seconds off the Beetle Turbo's 0-60 mph time, which is now estimated at 6.6 seconds.

Currency chills U.S.-made Audi

Audi has put on ice the option of manufacturing in the United States because of the euro's recent slide against the dollar. The decision against U.S. production means Audi, unlike sister division Volkswagen, isn't ready to design a car primarily for the United States.