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Mahindra says it has dropped Global Vehicles as U.S. importer

India's Mahindra & Mahindra Ltd. said it has terminated a four-year agreement with its independent U.S. importer, Global Vehicles U.S.A.

Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.

Audi shifts to eight-speeds for most models

A formal press conference probably won't happen until this summer, but we hear that Audi dealers have received their 2011 order guides, and it looks as though the company will be going from 0 to about 70 percent of U.S. sales being eight-speed automatic transmissions. Beginning this fall, the eight-speed will replace today's six-speed automatic in the A4 2.0-liter turbo sedan and wagon, the A5 2.0-liter turbo coupe and cabriolet, the Q5 2.0-liter turbo, the Q7 3.0-liter turbo, the Q7 diesel, the Q7 with the 3.0-liter supercharged V6 and the all-new A8 and A8L with the 4.2-liter V8.