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2011 Audi R8 GT, an AW first look

Three years after it burst onto the supercar scene, Audi has unveiled a hard-core version of its R8 called the GT. Based on the existing mid-engine R8 V10 and incorporating aerodynamic, weight-saving and mechanical developments used by the company's R8 LMS GT3 race car, Ingolstadt will build just 333 copies of the new 560-hp four-wheel-drive performance flagship. Pricing has not yet been revealed, but given the extent of the changes to the new two-seater, buyers should expect a hefty premium over the R8 V10's $147,000 price tag when the GT goes on sale in North America.

Chrysler, CAW reach tentative contract deal

The Canadian Auto Workers tentatively agreed tonight to new concessions that will save the struggling automaker $240 million annually and help the carmaker to try to avoid a bankruptcy filing, CAW President Ken Lewenza said at a news conference. In exchange, the CAW got Chrysler and potential partner Fiat SpA to agree to keep its two Chrysler assembly plants open even if bankruptcy is unavoidable, Lewenza said. General Motors and Ford Motor Co., which signed new CAW agreements earlier, have indicated their desire to get the same concessions as those negotiated with Chrysler, Lewenza said.

Mercedes-Benz OKs the CLS wagon

Mercedes-Benz will launch a wagon version of the second-generation CLS sedan as a rival to the recently introduced BMW 5-series GT and the upcoming Audi A7. The new four-door--presaged by the German carmaker's 2008 Concept Fascination two-door shooting brake revealed at that year's Paris motor show--is among a throng of niche-market models under consideration by Mercedes boss Dieter Zetsche. "We're seeking to improve our returns by better utilization of existing platforms," a high-ranking Mercedes source told AutoWeek.