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Chrysler, Hyundai-Kia, VW lead industry to 14 percent sales gain

U.S. auto sales--led by big gains at Chrysler Group, Hyundai-Kia, Mercedes-Benz and Volkswagen--rose 14 percent last month for their biggest increase since April. On a seasonally adjusted annual basis, sales reached 13.6 million units last month.

Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

Gran Turismo 5 features Newey's dream car

WITH VIDEO -- Red Bull Racing's X1 Prototype, designed by Adrian Newey and tested by Formula One driver Sebastian Vettel, will be included in the Gran Turismo 5 video game set to go on sale in November. When creating Gran Turismo 5, the Polyphony Digital design team wanted an ultimate car, one not limited by the rules. "Every race in the world today conforms to some sort of regulations, and every racing car is built to fit within those various regulations," said Kazunori Yamauchi, president of Polyphony Digital Inc.