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2013 Mercedes-Benz GL63 AMG packs 550 hp

Mercedes-Benz is adding a fire-breathing AMG variant of the GL sport-utility vehicle for the first time for 2013. The people hauler will pack a biturbo 5.5-liter V8 rated at 550 hp and 560 lb-ft of torque. Code-named M157, it's capable of propelling the ute to 60 mph in 4.9 seconds en route to an electronically limited top speed of 155 mph.

The €2000 car

By Tim Pollard Motor Industry 15 June 2007 08:28 The market for bargain basement cars costing as little as €2000 (£1400) is about to grow dramatically. CAR Online is reporting from Bosch’s annual technology seminar all week – and we grilled the bosses at the world’s biggest components supplier to find out about the soaring demand for cars priced under €7000 (£4900). Bosch’s president of gasoline systems, Wolf-Henning Scheider, said: ‘According to our estimates, this vehicle class will reach a share of 13 percent of the world market in 2010.

European car sales down 5.2%

EUROPEAN UNION car sales are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales were down 5.2% to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said - the lowest January-August figure since the group started keeping records in 1990. New car registrations in August fell five per cent from a year ago to 653,872.