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Audi details new hybrid flagship; U.S. intentions not confirmed

Audi's flagship A8 sedan has always brought power and luxury to the lineup, along with a good bit of consumption. Now the company aims to lessen that blow with the A8 hybrid that will debut in 2012. Only confirmed for the European market, the hybrid A8 will use a 2.0-liter turbocharged engine combined with a disc-shaped electric motor that develops 54 hp and 155 lb-ft of torque.

Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.