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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Audi debates bringing its Q3 crossover to the United States

Audi hasn't decided whether to bring the compact Q3 crossover to the United States, but it could happen in three years after a midlife freshening, said Johan de Nysschen, president of Audi of America. "We have to look at the economic feasibility, and it has to hit targets. We have to overcome certain challenges," de Nysschen said at the Frankfurt auto show.

Tesla has room to grow with the Model S sedan, Calif. factory

We got a brief ride in a prototype of the Tesla Model S all-electric sedan, and as far as we could tell from the passenger seat, it seemed like a luxury performance bargain for just $57,400. Of course, being just a passenger means any evaluation is more or less just a guess. We should get to drive one of them sometime before the fully finished models go on sale next summer and then we will have a more definitive take on the car.