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174-mph Volkswagen Golf R400 heads for Beijing motor show

Volkswagen has divulged plans to reveal a spectacular new Golf R-based concept car called the Golf R400 at this weekend's Beijing auto show. Said to preview a possible limited production model from Volkswagen's increasingly active R performance car division, the Golf R400 runs a powered-up version of the Golf R's turbocharged 2.0-liter direct-injection gasoline engine aimed at providing it with the sort of firepower to match the current king of the Euro hot hatchback brigade, the Mercedes-Benz A45 AMG. VW The VW Golf R400 makes 395 hp from a 2.0-liter turbocharged four-cylinder engine.

New CAFE proposal would add $5,000 to sticker price, dealer group says

An Obama administration proposal to nearly double today's fuel economy standards could end up tacking on $5,000 to the sticker price of a new vehicle, a top official with the National Automobile Dealers Association said Tuesday. The proposal, which seeks to raise the corporate average fuel economy to 54.5 mpg by the 2025 model year, would force automakers to adopt costly fuel-saving technologies that could eventually price some buyers out of the new-car market, said Don Chalmers, chairman of NADA's government relations committee. NADA, a dealer trade association, represents 16,000 new-vehicle dealers who operate 32,500 franchises.

Fast cars, fast rise for Miami dealer

The top-selling Audi dealer in the United States is 23 years old--and he has been running the business since he was 19. His name is Brett David, a wunderkind who took over Prestige Imports of Miami in 2007 after a tragedy. David inherited the business when his father and automotive mentor, Irv David, died unexpectedly of a fourth heart attack at age 56.