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General Motors to invest more than $850 million to build new V8s

General Motors Co. said Tuesday it will invest more than $850 million to upgrade five North American factories to make its next-generation V8 engines more fuel efficient. The new V8s will differ from the current versions by using direct injection and a new combustion system, spokeswoman Sharon Basel said.

Luxury car price crash in China

Mercedes in China offering 25 per cent discounts on S Class Mercedes, BMW and Audi are having to offer discounts of up to 25 per cent on luxury cars in China to shift stock. The huge Chinese car market has been seen as a sales salvation for Western car makers; the automotive equivalent of shooting fish in a barrel. But it looks like that’s all changing, particularly at the luxury end of the market.

2014 Mercedes-Benz S-class arrives

Mercedes-Benz has pulled the wraps off of the 2014 S-class at a media presentation in Hamburg, Germany, revealing a technological tour de force that the firm hopes will continue the plush sedan’s traditional dominance at the top of the global luxury car market. Set to arrive in North American showrooms in September, the Mercedes-Benz flagship is charged with the task of replacing not one but two different model lines. On the one hand, it has been developed to fill the role of the previous generation S-class on sale since 2007.