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No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

Ford Mustang Shelby GT500 certified at 662 hp!

You might recall that a few scant minutes ago, Ford had declined to confirm that the 2013 Mustang Shelby GT500 was certified by the SAE to crank out no less than 662 hp and 630 lb-ft of torque. In light of the leak, Ford has reversed its decision and decided to officially confirm the number. The rumors, apparently, were off by one foot-pound of torque.

LA Motor Show: Subaru WRX gets downsized engine

SUBARU has revealed a production-ready version of the WRX concept first seen earlier this year. The latest edition of the performance saloon may not be coming to the UK at all, but Subaru has finally given the 268bhp machine the go-ahead for Japan and North America. A new 2.0-litre ‘boxer’ engine carries on the brand’s tradition, bringing with it the same low centre of gravity as the old 2.5-litre unit but with greater environmental credentials.