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Mercedes E-class Cabriolet at Detroit motor show 2010

Here's our first look at the new Mercedes E-class Cabriolet, unveiled at the 2010 Detroit Auto show. It's the fourth addition to the E-class range, and as with the latest E-class Coupe, the new drop-top replaces the old CLK. The new E-class Cabriolet shuns a hard-top and continues to favour the more traditional folding fabric arrangement - the hood can be opened or closed in 20 seconds at speeds of up to 25mph.

Fisker Automotive lays off some workers as government reworks loan

Work on the Fisker Nina family sedan has temporarily halted at the Fisker Automotive plant in Wilmington, Del., while the carmaker and the federal government hash out details of the company's $529 million Department of Energy loan. The interruption has resulted in the layoff of 26 people at its Delaware plant and a number of contract engineers at Fisker's Anaheim, Calif., headquarters. Fisker Automotive said some of the engineering-staff reductions in Anaheim were already planned to occur in between development of the Karma and the Nina.

Volkswagen acquires Italdesign-Giugiaro

The Volkswagen Group and Italdesign-Giugiaro S.p.A. today announced the next step in their successful cooperation. The Volkswagen Group will take a 90.1 percent stake in Italdesign, including the brand name rights and patents.