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PM opens Williams F1’s new Advanced Engineering Centre

Prime minister David Cameron has today opened Williams Racing’s new £8 million Advanced Engineering Centre in Grove, Oxford. The new facility will help transfer Williams’ four decades of title-winning F1 expertise into the world of road cars – and the PM has challenged the engineers working there to continue helping Britain compete on the world stage by developing new business opportunities. On Bing: see pictures of Williams F1 cars Nismo Williams!

2012 Hyundai Genesis R-Spec sedan to start at $47,350

An eight-speed transmission, a 5.0-liter V8 and 429 hp--if you guessed Audi, Mercedes-Benz or BMW, you'd be wrong. Does a sticker price of $47,350 with shipping costs give it away? That's the cost of the 2012 Hyundai Genesis R-Spec, which is on sale now.

Chrysler bankruptcy filing said to be part of plan to seal Fiat deal

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.