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New 2013 VW Golf Mk7 Price & Spec announced

Price and specification details for the 2013 VW Golf MK 7 have been revealed for the UK. Starts at £16,300. Starting point is the Golf S 3-door with the 1.2 litre TSI engine the 84bhp at just £16,330 (less than the same MK 6 model), with a choice of both 3 and five door models across the range and three trim levels – S, SE and GT (the MK 7 Golf GTI won’t arrive until next year).

Older Ford Escapes recalled for sticking throttle

Ford Motor Co. is recalling about 485,000 units of the Escape SUV from the 2001-04 model years to check for a damaged cruise-control cable that could cause the throttle to stick open. The recall covers the Escape in North America and the SUV in Europe, where it was sold with the Maverick nameplate.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.