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Audi S1 & S1 Sportback revealed with 228bhp (+video)

The Audi S1 has been revealed (S1 Sportback pictured) Audi has been threatening a quattro driven A 1 as a full production model ever since the limited edition A1 Quattro arrived two years ago with 252bhp and a very big price tag. An now we get it. The new Audi S1 has been revealed ahead of a debut at the Geneva Motor Show next month, and it gets quattro 4WD just like the A1 Quattro, even if it has to make do with less power – the S1 delivers 228bhp and 237lb/ft of torque from its 2.0 litre turbo – that’s less bhp but more torque than the A1 quattro managed.

Porsche, Volkswagen work out more sale details, may use Auto Union name

Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports. The new entity could be led by Volkswagen CEO Martin Winterkorn, and Porsche would retain some independence--similar to Audi's setup within the Volkswagen Group. Porsche would be the 10th brand in the company.

Shelby American considers bringing back rent-a-racer Mustangs

Shelby American is considering resurrecting its “rent-a-racer” program that offers upgraded Mustang GTs for enthusiast-oriented consumers, AutoWeek has learned. Likely timed to mark the storied company's 50th anniversary, the program could launch as early as next spring. The cars would be offered in two traditional configurations: black and gold and white and gold.