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Daimler, Renault are set to share vehicle platforms and engines

Following a year of intensive high-level talks and secretive, behind the scenes strategy meetings, Daimler AG and Renault SA have agreed on plans that will see their car-making divisions--Mercedes-Benz, Smart, Renault and Nissan--share resources on a wide range of products. The move signals more consolidation within the European automotive industry. Daimler chairman Dieter Zetsche and Renault president Carlos Ghosn have set out three primary areas of cooperation that will see the carmakers share small-car and light-commercial-vehicle platforms, small gasoline and diesel engines, and electric drive systems.

Hyundai Genesis sedan loses an engine option, gains more tech for 2013

Hyundai is dropping the 4.6-liter V8 in the Genesis sedan lineup for 2013. The 5.0-liter V8 will continue in the R-Spec model, while the rest will get Hyundai's 3.8-liter V6. Hyundai has also enhanced the optional eight-inch Driver Information System, which is now more intuitive, with a rotating joystick, better voice recognition and improved navigation-screen layouts.

Volvo poised for V8 Supercars entry Down Under in 2014

Volvo has confirmed that it has entered a factory team into the V8 Supercars for 2014. Volvo Polestar Racing will enter one of the world’s biggest touring car categories with a pair of V8-powered S60s, joining Nissan, Mercedes, Holden and Ford (which is rumoured as potentially departing the series). Where will the S60 get its V8?