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New Mercedes S 63 AMG costs from £119,565

New Mercedes S 63 AMG (pictured) costs from £119,565 The arrival of the new Mercedes S-Class in May saw MB move their range topper on properly for the first time in almost a decade, but with UK prices staring from £62,650 for the S 350 BlueTEC it wasn’t going to be on most people’s shopping list. And if you can’t afford Mercedes’ entry-level S-Class there’s no hope of affording the new S63 AMG, which Mercedes has revealed will cost an eye-watering £120k when it arrives in the UK in November. To be entirely fair, the new S63 is an awesome car with immense performance (which would be even more impressive if Mercedes endowed it with 4WD, as they do in other markets) with its 5.5 litre bi-turbo V8 developing 577bhp and getting the S63 to 62mph in 4.4 seconds.

Nissan inaugurates new studio in Taiwan

Nissan opened its new Yulon Nissan Design Center (YNDC) in San-Yi, Taiwan yesterday, November 5th. The recent addition joins the global stable of Nissan studios responsible for bringing top talent and the best in creative design thinking to the company's global products. The YNDC studio joins Nissan's Atsugi and Harajuku Design Centers in Japan, the Nissan Design America studios in Farmington Hills, Michigan and San Diego, California and the Nissan Design Europe facility in London, UK.

Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.