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2014 Volkswagen Passat Sport to start at $27,295

The 2014 Volkswagen Passat Sport will start at $27,295 including destination when it goes on sale early next year. Compare that to the base S model, which starts in at $21,665, and the top-of-the-line SEL Premium sedan, which starts at $34,715. The Passat Sport will fall between the midlevel SE and range-topping SEL Premium trims.

Ford slows rate of cash burn in posting $1.4 billion net loss

Ford Motor Co., the only U.S. automaker operating without federal bailout loans, burned through $3.7 billion in cash during the first quarter in posting its fourth straight quarterly loss. Ford slowed the burn rate from the fourth quarter of 2008, when cash declined by $5.5 billion.

Porsche Steps Up Vintage Motorsports Activities

With the famed Monterey Motorsports Reunion as backdrop, Porsche Motorsport North America (PMNA) announced Saturday it will expand from serving teams and owners of contemporary 911 race cars to providing a similar service to the large number of collectors of vintage Porsche race cars in the United States and Canada. PMNA has established a partnership with a new historic motorsports department that is now being established within Porsche AG's Motorsport Division in Weissach, Germany. The new department will provide expert restoration services to the Porsche Museum for many of the vintage competition cars the company owns well beyond the ones displayed in its riveting exhibition center.