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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.

Lotus announces 100 new jobs

Lotus Lotus is on a recruitment drive - prompting confidence that the iconic British sportscar firm’s future looks brighter than it has for years. The company has suffered a rollercoaster ride since relaunching in 2010 with a bold promise to build five new sportscars and a supermini. But the architect of that plan, CEO Dany Bahar, was fired by the company's Malaysian owners and the expansion has since been wound down.

Audi lightly updates 2011 TT, adds power boost

Audi's nifty two-door TT gets a light update for 2011, with a bit more power under hood and some minor modifications inside and out. The spotlight change is to the engine. The 2.0-liter TFSI is bolstered to 211 hp and 258 lb-ft of torque thanks to Audi's valvelift system, which also improves efficiency.