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Volkswagen New Midsize Coupe debuts at China motor show

The Volkswagen NMC (New Midsize Coupe) concept makes official the German carmaker's plans for a style-led sedan to challenge the likes of the strong selling Mercedes-Benz CLA. Unveiled at the Beijing motor show, the new four-door closely previews a future Jetta-based model that will slot into the Volkswagen lineup beneath the existing Passat CC, most likely in 2016. Volkswagen design boss Klaus Bischoff describes the NMC as “avant-garde protagonist for a new compact sedan class.” Looking all but ready for production, it continues the current Volkswagen design lineage, with crisp features and lines, heavily horizontal detailing, and taut surfacing -- all aimed at providing it with a technical-inspired appearance.

Ferrari posts record sales despite economic uncertainty

Global economic waters are far from calm, but Ferrari has managed to steer clear of the turmoil. The Italian automaker has released sales figures for the first six months of 2012, and they’re impressive by any measure. Revenues for the first half of the year are up nearly 12 percent, and net profits have risen 10 percent to over $130 million.

Town/country fuel price gap closes

THE PETROL PUMP postcode lottery, meaning rural drivers lose out to town motorists on price, appears to be coming to an end. The gap between prices in country districts compared with urban areas has closed from around 5p a litre to as low as 2p, according to the AA. This dip in rural prices has contributed to a general nationwide fall in the cost of petrol, which now averages 129.63p a litre compared with 130.46p in mid-January.