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Audi reveals new Quattro concept sketches before Frankfurt

Audi has released a series of official design sketches revealing its reborn Quattro supercar concept, which will underpin the German carmaker's presence at the Frankfurt motor show next month. The modern-day Quattro aims to revive the spirit of the rally-bred Sport Quattro launched in 1984. The aggressively styled coupe has been conceived as a limited-production model that is set to be priced above that of any existing Audi model as technological figurehead for the rest of the lineup with a new plug-in hybrid driveline that mates a twin-turbocharged 4.0-liter V8 gasoline engine and electric motor for an overall output close to 800 hp.

Disney and Pixar announce 'Cars 3'

Variety is reporting that Pixar will introduce a third chapter to the "Cars" franchise, the company's second trilogy behind "Toy Story." It will join a long-awaited sequel to "The Incredibles," written by Brad Bird, a sequel to "Finding Nemo," and a sequel to "Planes" called "Planes: Fire and Rescue." That one will come out this year, on July 18. The first "Cars" was something magical, a love letter from car guy John Lasseter to the insular world of car enthusiasts. The second "Cars" sold over $2 billion in merchandise and was a massive commercial success.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.