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2014 Audi R8 priced at $119,150

The 2014 Audi R8 goes on sale Friday at the low, low price of $119,150 -- including destination and gas guzzler -- when equipped with the manual transmission. The S-Tronic-equipped version ups the price to $128,250. The base Audi R8 makes 430 hp and 316 lb-ft of torque from its 4.2-liter V8.

Audi Q3

Shanghai will see the latest model unveiled from Audi, the Q3. Offered as a 'premium SUV in compact form', the Q3 adheres to Audi's standards of engineering and build quality and slots beneath its larger brothers to offer an alternative to BMW's X1 model. This expansion of Audi's SUV range clearly draws from its bigger siblings.

2012 European Car of the Year shortlist announced

The shortlist for the 2012 European Car of the Year award has been announced today. There were 35 cars on the original list, but the first round of voting from the 59 jury members (including CAR Magazine’s editor Phil McNamara, and our European correspondent Georg Kacher) has whittled the list down to just seven. They are… • Citroen DS5• Fiat Panda• Focus Focus• Opel (Vauxhall) Ampera/Chevrolet Volt• Range Rover Evoque• Toyota Yaris• Volkswagen Up There will now be a second round of test drives, before the European Car of the Year jurors submit their scores and a winner is announced live at the Geneva motor show on 5 March 2012.