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Nissan announces its 'Power 88' five-year plan

Nissan CEO Carlos Ghosn has announced the firm's 2011-2016 business plan. The Nissan Power 88 plan aims to increase Nissan's global market share and sets strong profitability targets for Japan's No.2 carmaker. Power 88?

Audi debuts A8 Exclusive Concept special edition

Perhaps feeling the pressure from other luxury automakers and the debut of a number of special edition executive sedans, Audi has announced a limited run of 50 examples of its 6.3-liter 500-hp W12-engined A8L flagship. Dubbed the A8 Audi exclusive concept, the long-wheelbase executive yacht will feature a leather interior from Italian designer furniture maker Poltrona Frau. The A8 Audi exclusive concept will feature aniline leather in the color of Agatha Cognac, which is said to be very soft, and the center sections of the seats will have diamond quilting.

Mercedes-Benz plans teen-driving school

Mercedes-Benz plans to open a driving school for teens in the United States late this year. The school will be modeled on one that Mercedes launched in the United Kingdom in 2009. The location of the school and the program cost won't be disclosed until the end of April, a company spokesman said.