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Mercedes S-Class AMG Sport Edition – it’s another S-Class run-out special

The Mercedes S-Class AMG Sport Edition is another ‘final’ S Class model with extra equipment as the W221 comes to the end of its shelf life. The current Mercedes S-Class (W221) has been with us since 2006, despite which it’s still a fine car (and a great secondhand buy), but it’s about to be replaced by an all new S-Class. That’s why S-Class sales are falling and why Mercedes has rolled out the S-Class Grand Edition and CL Grand Edition to persuade buyers that a new S-Class (or S-Class coupe, in the case of the CL) is still a good place to park a sizeable chunk of change.

Leonardo DiCaprio launches Formula E racing team

Formula E Star of the silver screen Leonardo DiCaprio has launched his own racing team. Called Venturi Automobiles, the new motorsport outfit will campaign a single-seater racing car in the first season of the Formula E all-electric championship next year. On Bing: see pictures of Leonardo DiCaprioOn Bing: see pictures of Formula EWhat is Formula E?

Mitsubishi to make Outlander Sport at Illinois plant

Mitsubishi Motors Corp. said Friday it will invest $100 million to build the Outlander Sport crossover at its Normal, Ill., plant starting in summer 2012. Mitsubishi expects annual output of 50,000 units, with half dedicated to North America and the rest for export to Russia, Latin America and the Middle East.