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Volvo C30 (2006): first official pictures

By Phil McNamara First Official Pictures 25 July 2006 01:17 The lowdown This is the Volvo C30, a rakish three-door set to take on the BMW 1-series and Audi A3. Unconventionally, this hatchback only has four seats; conventionally, it mounts its engines across the nose and sends power to the front wheels. The C30 is scheduled to arrive in UK showrooms in December.

Shelby American adds SCCA-ready version to the GT350 Mustang mix

Enthusiasts who want to take the new GT350 Mustang racing in Sports Car Club of America events are getting some help from Shelby American. The Las Vegas-based company, which upfits the 2011 Ford Mustang GT to create the GT350 Mustang, will add a normally aspirated version to the lineup. When Shelby American first announced the GT350 program in January, it centered on a supercharged version of Ford's new 5.0-liter V8 that would make about 500 hp.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.